Benefits of "pump or pay" principle: Ukrainian GTS operator reports on Russian gas transit volumes

REUTERS LLC Gas TSO of Ukraine has announced the completion of transit applications from Russia&#39;s Gazprom of 7:00 January 1. The company press service says the GTS provides gas deliveries from Russia to the EU and Moldova at 35-45 million cubic meters per day. At the same time, the operator gets full pay for the daily capacity at the corresponding entry and exit points based on the 65 billion cubic meters reserved for 2020. "This confirms the obvious benefits of the "pump or pay" principle, which was previously introduced into the Ukrainian energy legislation in accordance with European standards," reads the statement. Read alsoRevenue from Russian gas transit via Ukraine significantly exceeds spending – Naftogaz Due to the small transit volumes at year-start, the Ukrainian GTS has been partially operating in reverse mode. "That is, consumer demand in the eastern and southern regions of Ukraine is covered by gas transmission from underground storage facilities through the Soyuz gas pipeline in the west-east direction. Accordingly, preliminary investment in the preparation of the GTS reverse scheme has paid off," the company notes. As UNIAN reported earlier, Ukraine had started transmitting Russian gas to the EU under a new agreement.

Benefits of "pump or pay" principle: Ukrainian GTS operator reports on Russian gas transit volumes

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