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Ukraine's gas imports from Europe grow 143 pct

Ukraine's gas imports from Europe grow 143 pct
Ukraine saw a 143 percent annual increase in 2014 in natural gas imports from European countries with 5.1 bcm, according to Ukraine's state-owned gas transmission company on Monday.

Ukraine's natural gas imports increased by three bcm more in 2014 to reach 5.1 bcm in total, UkrTransGaz, the country's state-owned gas transmission company announced. 

The country had imported 2.1 bcm natural gas in 2013. As Russia halted its gas flow to Ukraine on June 16 due to disputes over gas price and debt, Ukraine received its gas demand from Slovakia, Hungary and Poland mostly through reverse flows. 

The amount of imported natural gas from Slovakia was 3.6 bcm, 900 million cubic meters was imported from Poland and 600 million cubic meters from Hungary. Hungary also had stopped its gas flow to Ukraine in late September as Hungary's state-owned gas company agreed on the construction of the South Stream with Russia.

However, when the South Stream was cancelled by Russian company Gazprom, Hungary began resuming gas transmission on Jan. 1. 

Russia also resumed gas supplies on Dec. 9, after Ukraine wired an advanced payment of $378 million to Russian gas giant Gazprom on Dec. 5 to secure the imports of 1 bcm of gas. Ukraine's total debt to Russia for natural gas was $3.1 billion.

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