Ukraine may be forced to buy gas from the EU

Thanh Hà |

Russian missile attacks are likely to force Ukraine to buy gas from the European Union (EU).

Bloomberg's source said that Russian air strikes resulted in Ukrainian production of Navtogaz Group by Ukraine by 1/3 and Ukraine will need to import about 1 billion cubic meters of gas.

Although this amount of gas accounts for less than 1% of Europe's annual demand, Ukraine has the ability to import gas from the EU when the future oil price is trading at the highest level in the past 2 years due to Concerned about supply.

The gas reserves in the EU have dropped sharply since the Russian gas flow transferred to Ukraine was stopped earlier this year.

According to the estimates of Mykhailo SVYSHCHO - analyst at Expro Consulting in Kiev - in 2024, Ukraine imported about 724 million m3 of gas from abroad, the lowest level since the start of data statistics. About one third of the gas that Ukraine received was later re -exported to neighboring countries.

About 80% of the total gas in Ukraine is manufactured by NAFTogaz. Last year, NAFTogaz increased gas exploitation output by 5% to 13.9 billion m3.

At the end of November, 2024, Ukrainian Prime Minister Denys Shmyhal excluded the need to import gas in this year's heating season.

However, according to Interfax, in early January 2025, Ukrainian Energy Minister German Galushchenko said, Ukraine may need to buy more gases after winter this year.

According to the EU grid data, additional gas has begun to be brought to Ukraine this week, when Slovakia first connected the supply through the Budince border since October 2024.

Slovakia - the country still supports the resumption of Russian gas transfer activities through Ukraine - began to import Russian gas through Türkiye in February 2025.

Russia repeatedly attacked Ukrainian energy infrastructure, including gas warehouses. The most recent air strike occurred on January 15.

The CEO of NAFTogaz Roman Chumak affirmed that the amount of gas reserves was sufficient to operate stably this winter and the situation was being controlled. He said Navtogaz will import gas to be ready before all challenges of conflict.

Thanh Hà
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