nord stream & ukraine: commercial competition

National Energy Security Fund

Nord Stream and Ukraine:

Commercial Competition

Konstantin Simonov, Aleksei Grivach

June, 2016

National Energy Security Fund

Russian Gas Flows to Europe and Turkey

via Ukraine in 2015, BCM

Source: ENTSO-G, Gazprom,

Ukrtransgaz, NESF Calculations

Entry/Exit into Ukrainian Gas Pipeline

System in 2015, BCM

National Energy Security Fund Source: NESF Calculations

Share of Ukrainian Transit in Supplies to

the EU Countries

National Energy Security Fund

Source: Eurostat, Ukrtransgaz, Eustream, Gas

System, FGSZ, BEH, NESF Calculations

*Austria, Italy, Hungary, Slovakia, Slovenia and Croatia

National Energy Security Fund

Main Transit Pipelines in Ukraine

Source: Gazprom, ENTSO-G, UTG

Capacity, bcma

Start 2015 flow, bcm 2015 utilization

rate, %

Soyuz (Ukraine) 26 1976 0 0

Urengoy-Pomary-Uzhgorod 28,5 1983 44 77

Progress 28,5 1988

Ananiev-Tiraspol-Ismail 20 1987* 16,7 84

* Renovated in late 1990s in partnership with Gazprom

Nord Stream vs Ukrainian Transit System

National Energy Security Fund Source: Gazprom, Naftogaz, NESF calculations

*including Gazprom’s share in net profit of NS AG

Way to Baumgarten, Euro

National Energy Security Fund

Source: Gazprom, Naftogaz, Eustream, OPAL

Gastransport, Net4Gas, NESF calculations

*including Gazprom’s share in net profit of NS AG

EU Natural Gas Production , BCM

National Energy Security Fund Source: Eurostat

National Energy Security Fund

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