Tuesday, 10 March 2020

The Russia-Ukraine gas transit deal: opening a new chapter

Gazprom and Naftogaz Ukrainy signed agreements at the end of last year covering the transit of Russian gas through Ukraine for the period 2020-24, with transit volumes of 65 bcm in 2020 and 40 bcm per year thereafter. In this Oxford Energy Insight, Jack Sharples and I analyse how the deal was reached, the terms of the deal, the likely transit flows via Ukraine during the period of the deal, and what that means for Gazprom and for Naftogaz. In a linked Insight, Implications of the Russia-Ukraine gas transit deal for alternative pipeline routes and the Ukrainian and European markets, by Simon Pirani, Jack Sharples, Katja Yafimava and Vitaly Yermakov, we look at the broader picture of Russian gas exports to Europe in the light of the deal.

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