Russian Gas Return to Ukraine to Cost EU Traders $1 Billion
- Naftogaz is set to restart gas imports from Russia this year
- Ukrainian company’s contract with Gazprom expires in Dec. 2019
Flow direction arrows sit on trunk pipes at the gas metering station in Uzhgorod, Ukraine.
Photographer: Vincent Mundy/Bloomberg
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European natural gas traders stand to lose about $1 billion in sales to Ukraine this year.
Companies from Eni SpA to Uniper SE will see combined gas shipments to the east European nation fall by about that amount after a Stockholm court ordered Ukraine to resume some imports from Russia after a break of more than two years. European Union companies first started selling gas to Ukraine in 2013, with the new market helping offset a slump in domestic demand at the time.