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Hungary slashes reverse gas supplies to Ukraine by 28% from March 25

March 30, 2015, 14:39 UTC+3 MOSCOW
The reverse gas price for Ukraine in January 2015 equaled the Russian gas price
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©  ITAR-TASS/Alexei Pavlishak

MOSCOW, March 30. /TASS/. Hungary reduced reverse supplies of natural gas to Ukraine from March 25, the Hungarian gas transport system operator FGSZ Ltd said on Monday.

Reverse supplies declined to 3.7-4.7 mln cubic meters a day from March 25 as compared to 6.7 mln cubic meters a day exported earlier, the company said.

Hungary resumed reverse gas supplies to Ukraine after the winter break.

Deputy Director of the National Energy Security Fund Alexey Grivach told TASS earlier that the reverse gas price for Ukraine in January 2015 equaled the Russian gas price, $329 per 1,000 cubic meters.

According to Ukrainian statistics data, the imported gas price in January totaled $655 mln in January 2015, the expert said. The Ukrainian gas pipeline operator Ukrtransgaz reported earlier 920 mln cubic meters of the natural gas were imported from Russia at $329 per 1,000 cubic meters. The share of the Russian gas in total Ukrainian import equaled $303 mln.

Ukraine spent $352 mln for the reverse gas, Grivach said. According to Ukrtransgaz data, Ukraine purchased 1.07 bln cubic meters. The European gas was not therefore cheaper for Ukraine but its price exactly matched the Russian gas price of $329 per 1,000 cubic meters, the expert said.

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