Naftogaz released gas imports statistics for Q3 2016

Naftogaz releases its quarterly report on prices and volumes of gas imported by the company in Q3 2016 and three preceding quarters

Naftogaz releases its quarterly report on prices and volumes of gas imported by the company in Q3 2016 and three preceding quarters. The company publishes such information quarterly during the second month following the corresponding quarter.

In 3Q 2016, Naftogaz was not able to consider Gazprom's offer since the Russian supplier refused to sign an addendum to the contract which regulates issues currently disputed in arbitration. In particular, the addendum stipulates that Naftogaz prepayments are used exclusively to cover new gas supplies through entry points controlled by Ukraine. It also cancels the «take-or-pay» principle for its effective term and regulates conditions for gas orders and payments.

The information concerns gas imports by Naftogaz and excludes data for imports of other suppliers to Ukraine.

Table 1. Weighted average price of gas imports by Naftogaz aggregated by quarter, USD per thousand cubic meters (USD/tcm)

Period of gas delivery From all directions, including cost of transmission to the Ukrainian border From Europe, including cost of transmission to the Ukrainian border From Europe, at the delivery point
Q3 2016 194 194 187
Q2 2016 - - -
Q1 2016 198 198 191
Q4 2015 228 232 224

Table 2. Volume of gas imports by Naftogaz aggregated by month, billion cubic meters (bcm)
Month the cost of booked capacity services Volume of imports from alldirections, bcm Volume of imports from Russia, bcm Volume of imports from Europe, bcm
September 2016 1.16 0.00 1.16
August 2016 1.17 0.00 1.17
July 2016 0.31 0.00 0.31
June 2016 0.00 0.00 0.00
May 2016 0.00 0.00 0.00
April 2016 0.00 0.00 0.00
March 2016 0.24 0.00 0.24
February 2016 0.97 0.00 0.97
January 2016 0.80 0.00 0.80
December 2015 0.02 0.00 0.02
November 2015 0.83 0.39 0.44
October 2015 2.18 2.00 0.18
Total 7.68 2.39 5.29

Table 3. Maximum price of gas imported from Europe by Naftogaz aggregated by month and individual suppliers within each month, USD/tcm
Month the cost of booked capacity services Maximum price, including cost of transportation to the Ukrainian border Maximum price, at the delivery point
September 2016 185 178
August 2016 207 200
July 2016 206 199
June 2016 - -
May 2016 - -
April 2016 - -
March 2016 189 183
February 2016 203 196
January 2016 211 204
December 2015 209 202
November 2015 233 225
October 2015 242 235
Note. Gas prices exclude the cost of entry to the gas transmission system of Ukraine (USD 12.47/tcm). Totals may not add up due to rounding.

Corporate Communications Department



Other news