In 3-4 years, Russia will completely lose European gas market. This will end transit through Ukraine — GTSOU chief
9 July, 2022

In three or four years, given the current policy, Russia will completely lose the European gas market. Accordingly, the transit of Russian gas through the territory of Ukraine will also stop, announced the CEO of the Gas Transmission System Operator of Ukraine, Serhiy Makogon, on the air of the telethon, as quoted by the press service of the GTSOU.

"If there is no transit, we will reduce the capacity of the gas transmission system, in accordance with the needs of Ukrainian consumers. We have our own gas market, we have our own extraction," he emphasized.

Makogon says that it is important for Ukraine to preserve transit precisely during the war. As long as the transit takes place through Ukraine, the Russians do not purposefully destroy the gas transmission infrastructure.

"For us, this is an opportunity to continue supplying gas to Ukrainian consumers," explained the GTSOU head.

Makogon noted that currently Russia's Gazprom uses less than 40% of the capacities of the Ukrainian GTS booked under the contract. The capacity of the system is about eight times greater.

Earlier, the Operator of the GTS of Ukraine appealed to the German Ministry of Economy and their regulator with a proposal to review the exemptions from German legislation granted to Nord Stream 1.

This is done in order to save the Ukrainian gas transport infrastructure from being destroyed by the Russian invading forces. In case of stoppage or restriction of transit through Nord Stream 1, the Russian side will be forced to transport gas via the Ukrainian route until the embargo on Russian gas is fully implemented.