Russian Gazprom plans to deliver the equivalent of as much as 41 percent of Ukraine’s demand last year through 2018, according to its non-public budget approved in December and obtained by Bloomberg News, Joinfo.ua reports.
Ukrainian governent plans to abandon Russian gas in 2016. It can be achieved by the expansion of gas imports from Europe and reducing the consumption. NJSC Naftogaz has already stopped buying Russian gas since November 2015.
Gazprom’s sales to Ukraine, a key part of transport infrastructure to the EU, have fallen 90 percent over the past decade amid pricing disputes and a contracting economy, they were still worth $1.7 billion last year.
So the company plans to ship 8.8 billion to 14.1 billion cubic meters (310 billion to 500 billion cubic feet) of gas a year to Ukraine through 2018, compared with sales of 6.1 billion cubic meters last year. Gazprom budgeted several export scenarios, including one mirroring the average sales price in Europe, which this year could be 15 percent less than the oil-linked price in Naftogaz’s contract.
Gazprom and Naftogaz have declined to comment this information to Bloomberg.