Ukraine Says Russian Gas Transit to Europe Seen Falling This Month

KYIV (Reuters) — The transit of Russian gas through Ukrainian gas transit system to Europe will fall to 109 million cubic meters (mcm) a day in September from average 124 mcm a day in April to August, Ukrainian state-run gas transit operator said on Wednesday.

The operator said in a statement the transit levels in September is the minimum amount provided by the existing transit agreement signed by Ukraine and Russia in 2019.

The company said a record rise in gas prices at European gas hubs was the result of a decrease in transit.

"Ukraine constantly offers transit capacities to supply additional volumes of gas to the EU. However, (Russian) Gazprom, unfortunately, constantly refuses them," the company's head Sergiy Makogon was quoted as saying.

Makogon said such a policy not only stimulates further growth in European gas prices, but also sends "extremely transparent" signals to Europe that additional gas volumes could be supplied only through new Nord Stream 2 pipeline.

Gazprom said last month that low gas volumes in European storage are set to support Gazprom's exports in the second half of 2021 and in 2022.

Last month, the head of Ukraine's state energy firm Naftogaz said it was not too late for the United States and Germany to block Nord Stream 2 pipeline, calling on President Joe Biden to scrap a sanctions waiver for the project.

Russia says the $11 billion project, which bypasses Ukraine, is commercial. But Kyiv fears it could lose billions in fees if Russia cuts out Ukraine as a transit route.

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