If the European Union no longer wants Russian oil, Southeast Asia will get it. Kremlin threats will easily turn against Russian companies and state finances.
Russia’s invasion of Ukraine has multi-level implications for the Russian gas sector.
Ukraine has imported 162 million cubic meters of natural gas since the beginning of February 2022.
PGNiG has purchased US LNG cargo to be supplied to Ukrainian border for ERU Europe.
“Gas transit through Ukraine in the first half of January was the lowest in the last four years,” the country’s transmission system operator said.
Hungarian Foreign Minister Peter Szijjarto said that Hungary could pump 700 million cubic meters of gas to Ukraine in the first three months of 2022.
GTSOU and FGSZ, the operator of the Hungarian gas transmission system, sign an interconnection agreement to introduce firm capacity in the direction “Hungary-Ukraine” from January 1, 2022.
From the Croatian island of Krk, via Hungary to the Ukrainian border – liquefied gas from the Croatian terminal will reach Ukraine by that route.
Compared with October, natural gas transit through the Ukrainian gas transmission system to European countries in November increased by 16%, to 3.049 billion cubic meters.
Kiev is negotiating the supply of liquefied natural gas from Qatar through Polish terminals. It also wants to buy gas in the EU, to be delivered through Slovakia.