“Ukrtransgaz” will become unprofitable, if Russia will reduce gas transit volumes – Prokopiv

If the transit of Russian gas through Ukraine to Europe will fall below 30 billion cubic meters per year, it will be unprofitable for the state of the company-operator of the gas transportation system “Ukrtransgaz”.

This was in Warsaw during the second Polish-Ukrainian gas conference said the Deputy Minister of energy and coal industry of Ukraine Igor Prokopiv, UNIAN reports. At the time Prokopov with scandal was dismissed from the post of head of “Ukrtransgaz”.

“In the state which is now “Ukrtransgaz”, we have calculated that the threat level will drop to less than 30 billion cubic meters of transit work. More than 30 billion cubic meters – we are profitable. But I said earlier, we are working on modernization and optimization in order to be prepared for all challenges,” said Prokopiv.

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Recall that the transit of Russian gas through the Ukrainian gas transportation system in 2016 increased by 23% compared to 2015 year – on-year to 82.2 billion cubic meters. In January-April 2017 transit increased in comparison with January-April 2016 by 23% to 30.5 billion cubic meters.

The current contract of “Naftogaz” and “Gazprom” provides for the mandatory transit of Russian gas through the territory of Ukraine until the end of 2019.

In late may, the head of Board “Gazprom” Alexey Miller has declared that, after January 2020, the transit of gas through Ukraine will be reduced to 15 billion cubic meters of gas per year.

June 6, Gazprom stated that it had invited representatives of “Naftogaz of Ukraine” in Moscow to discuss gas transit to Europe after 2019.