In 3-4 years, given the policy, Russia will completely lose the European gas market. However, in this case, the transit of Russian gas will also stop.. The commission responsible for the transit of Russian gas is sure of this - the GTS Operator of Ukraine (OGTSU).
" We have our own gas market, we have our own production. It is important for us to maintain transit precisely for the duration of the war. As long as transit occurs through Ukraine, the Russians do not purposefully destroy our gas transportation infrastructure like oil refineries or railway infrastructure. For us, this is an opportunity to continue supplying gas to Ukrainian consumers,” said Sergey Makogon, General Director of the GTS Operator of Ukraine..
Today, as the head of the OGTSU noted, Gazprom uses less than 40% of the booked, according to the contract, capacities of the Ukrainian GTS. System capacity is about eight times greater.
As you know, in order to save the Ukrainian gas transportation infrastructure from destruction by Russian invaders, the GTS Operator of Ukraine applied to the Ministry of Economy of Germany and the German Regulator with a proposal to review the exemptions from German legislation granted to Nord Stream 1. In the event of a stop or restriction of transit through Nord Stream 1, the Russian side will be forced to transport gas along the Ukrainian route until the embargo on Russian gas is fully introduced.
The transit contract between Naftogaz, OGTSU and Gazprom was signed on December 30, 2019. The document provides for the transit of at least 65 billion cubic meters in 2020, and 40 billion cubic meters of " Payment for these volumes is guaranteed even in case of less pumping through the GTS of Ukraine.
Last year, when there was a struggle to stop the Russian Nord Stream 2 gas pipeline, Ukraine demanded that a new contract for the transit of Russian gas through Ukrainian territory be concluded before 2024, when the previous one expires..