Russia-Ukraine transit gas down 50%

Transit of Russian gas through Ukraine to Europe has dropped almost 50% in the first four months of this year against the same period last year, Ukraine’s energy ministry said today.

Russia transported 23.2 billion cubic metres of gas through Ukraine to Europe against 46.3 Bcm last year in January-April, according to the ministry’s statement, wrote Reuters.

Economic growth in Europe has stalled and industrial activity has been cut, leading to far lower consumption of energy.

A senior industry source told Reuters earlier this month that the transit figure was lower — at 21 Bcm.

Upstream Online