Russian gas transit via Ukraine down over 27% in Jan-Feb 2018

Transit of natural gas through the Ukrainian gas transmission system (GTS) in January-February 2018 shrank by 27.3% year-over-year (y-o-y), to 12 billion cubic meters (bcm).

"According to operational data, 12 bcm of natural gas was transported via Ukraine in January-February 2018, which was 4.5 bcm (or 27.3%) less than in the corresponding period of 2017," the Ukrainian Energy and Coal Industry Ministry's press service said in a statement.

Read alsoGazprom appeals Stockholm Arbitration awardAs UNIAN reported earlier, Ukraine transported 93 bcm of gas to the European countries in 2017, which was a record high over the past years.

Transit shipments of natural gas through the Ukrainian GTS in 2016 grew by 23% from 2015, to 82.2 bcm.

According to the Ukraine-Russia gas transit contract, Gazprom is obliged to annually pump at least 110 bcm of natural gas via Ukraine.