Bloomberg News

Russia Gas Transit Through Ukraine Slumps on Lower Europe Demand

March 30, 2012

Ukraine’s transit of Russian natural-gas has fallen by about 50 percent “these days” after Europe’s demand for the fuel shrank, said Vadym Chuprun, deputy chief executive officer of NAK Naftogaz Ukrainy.

The daily flows fell by about 180 million cubic meters the day before yesterday and as much 200 million cubic meters by last night, Chuprun told reporters today in Kiev. Ukraine’s state energy company had planned to ship 400 million cubic meters of Russian gas, he said.

OAO Gazprom (GAZP), the Russian gas-export monopoly that supplies a quarter of Europe’s gas, ships as much as 80 percent of the fuel to the continent via Ukraine’s pipelines.

To contact the reporter on this story: Daryna Krasnolutska in Kiev at dkrasnolutsk@bloomberg.net

To contact the editor responsible for this story: Will Kennedy at wkennedy3@bloomberg.net


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