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Gazprom may halt gas transit to Europe in case of unauthorized gas withdrawal by Ukraine

At the same time, Gazprom continues its systemic work on diversification of gas suppliers and increase of the company’s share on key markets of Europe and the Asia-Pacific Region

MOSCOW, December 19. /TASS/. Gazprom sees some risks for gas transit through Ukraine to Europe, and in case of unsanctioned gas tapping by Ukraine it may cut off supplies to the EU, CEO of Gazprom Alexei Miller told reporters.

"Indeed there are risks for gas transit to Europe (via Ukraine). In the contract, which was signed in 2009, we clearly fixed all cases of force majeure. If Ukraine starts gas tapping, then we can either reduce supply by the volume of illegally taken gas or can carry out a disproportionate reduction. But we may stop deliveries all together even after a single unauthorized tapping of gas," Miller said.

Gazprom expects strengthening of its positions on markets of Europe and the Asia-Pacific Region, the Russian gas holding said on Monday after its Board of Directors’ meeting.

Gazprom continues its systemic work on diversification of gas suppliers and increase of the company’s share on key markets of Europe and the Asia-Pacific Region, the company said. Implementation of Nord Stream-2 project, construction of Power of Siberia main gas pipeline (eastern route of Russian gas deliveries to China) and Amursky gas processing plant are strictly in line with schedules, the company reported.

Gazprom’s long-term positions remain stable despite environment changes, the company said. In particular, this is owing to large gas resources, developed production and transportation infrastructure, long-term contracts and diversification of export routes.

Supplies to non-CIS countries

The volume of gas supplies to the non-CIS countries by Gazprom in 2016 may reach about 180 bln cubic meters of gas, according to Miller.

"Gazprom will set a record volume of deliveries of gas to the markets of non-CIS countries. We estimate that this amount will be about 180 billion cubic meters of gas," he said.

Miller said that on November 29, Gazprom set a record of maximum daily supply on the non-CIS market - 614.5 mln cubic meters of gas.

"We register that volumes of gas supplies to the foreign markets have reached an absolutely new level. We see that in general this year’s volumes will exceed the volumes of last year by 18 bln cubic meters," Miller said.