Ukraine will earn about $2 billion in transit fees for shipping Russian gas across Ukraine to the EU this year,

Thursday, September 17, 2020
Ukraine will earn about $2 billion in transit fees for shipping Russian gas across Ukraine to the EU this year,

Ukraine will earn about $2 billion in transit fees for shipping Russian gas across Ukraine to the EU this year, Naftogaz CEO Andriy Kobolyev told journalist Yanina Sokolova on her Youtube channel. Through August, Ukraine shipped 35 billion cubic meters, 42% less than during the first eight months of last year. Under the new “ship or pay” contract signed last December, Gazprom is to pay for shipping 65 bcm this year. Last year, Ukraine earned almost $3 billion shipping 89.6 bcm. From 2021 to 2024, Gazprom is contracted to ship 40 bcm a year. This level will further cut Ukraine’s revenues, to about $1.2 billion a year.

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