Currency converter
All news
News Search Topics
Use filter
You can filter your feed,
by choosing only interesting

Reverse flows, local output flout Russian ban on gas to Ukraine

August 04, 2014, 15:51 UTC+3 KIEV
1 pages in this article

KIEV, August 04. /ITAR-TASS/. Ukraine has turned to domestic production and reverse flows of Russian gas sent back from European destinations to feed its subsoil reserves following Russia’s ban on supplies.

Ukraine pumped around 600 million cubic metres into underground gas in July, the Association of European Underground Gas Storage Operators said.

Supplies have continued to flow despite accusations from Russian President Vladimir Putin that Russian gas sent to Ukraine by other purchasers violated agreement terms.

But volumes are being maintained by reverse flows and local output, according to Ukrainian Naftogaz CEO Andrei Kobolev.

According to reports on August 1, underground reserves stood at 14.9 billion cubic metres, against 14.3 billion at the start of July. This represented 46.6% of capacity.

Russian energy giant Gazprom halted delivery to Ukraine over lack of advance payment for June supplies specified in its contract with Naftogaz.

Ukraine owns 12 subsoil storage sites with an aggregate capacity of around 31 billion cubic metres, supplying Ukrainian needs and for gas transit onward to Europe.

Show more
In other media
Partner News