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Gazprom Says Gas Transit via Ukraine to Europe May Fall to 10-15 bcm per Year

Future Russian gas transit flows through Ukraine to Europe may be between 10 and 15 billion cubic metres per year, Alexei Miller, head of Russian gas giant Gazprom, said on Tuesday, which is a significant decline from current levels.

Miller issued his comments after German Chancellor Angela Merkel said that the planned new Nord Stream 2 pipeline between Russia and Germany could not go ahead without clarity on Ukraine’s role as a transit route for gas.

“We have never raised an issue about abandoning the Ukrainian transit. However, the Russian resource base has been moving northward and there won’t be the same …read more