Transit failure: Ukraine has reduced the reverse flow of gas from Hungary by 99%

04.02.2015 09:21
  (Moscow time)
Views: 906
 
Ukraine, Economics of Collapse, Energetics


Kyiv, February 04 (PolitNavigator, Oleksandr Semenyuta) – Gas supplies from Hungary to Ukraine, touted by Kyiv authorities as an alternative to Gazprom, have dropped to virtually zero. Since February 1, natural gas imports from Hungary have fallen by 99,8%, or to 5 cubic meters per day, according to Ekonomichna Pravda.

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The reduction in daily gas supplies to 5 thousand cubic meters per day was confirmed by the Ukrtransgaz company. “Gas is flowing in accordance with the application at the level of 5 thousand cubic meters per day,” the company reported.

In January, Ukraine imported about 63,3 million cubic meters of natural gas through Hungary.

The sharp decline in gas supplies from Hungary is caused by its high price compared to Russian gas supplies.

“Negotiations are currently underway with potential European gas suppliers on the most optimal supply conditions for the Ukrainian side,” this is how the “transit failure” was called at NJSC Naftogaz of Ukraine.

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Transit Failure : Ukraine Reduces Reverse Gas Flows from Hungary by 99%






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