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Putin Exposes Speculation About Gas Transit Through Ukraine

In the first nine months of 2021, Gazprom increased its supplies, or should I say transit volumes through Ukraine, by more than eight percent, Vladimir Putin said at a meeting on the development of energy sector on Wednesday.


"I have to say that there has been all kinds of speculation on Ukraine’s gas transit system and deliveries through this country. I would like to reiterate that under the contract we have to pump 40 billion cubic metres of gas through Ukraine’s gas transit system per year. In the first nine months of 2021, Gazprom increased its supplies, or should I say transit volumes through Ukraine, by more than eight percent. We have every right to believe that we will exceed our contractual obligations in terms of gas transit through Ukraine," he added.
Further increasing these volumes does not make economic sense for Gazprom, since costs will also be higher. It is much cheaper to supply gas using the new pipelines, saving us about $3 billion per year for the supply volumes in question.
In addition, Putin informed those who actually care about preserving the environment, instead of just using this as a political weapon, "that the new pipelines that were launched over the past years or are about to become operational can reduce CO2 emissions 5.6 times thanks to their new equipment.

Accordingly, supply volumes go up, while emissions go down. This has to do with the superior characteristics of these pipelines enabling them to pump gas at a higher pressure," he stressed.
"Everyone must know this," Russian President summed up.

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