You're reading: Gas shipments from Russia to EU via Ukraine cheaper 3-4 times than via Nord Stream 2

Supplies of Russian natural gas to the EU via a traditional route across the territory of Ukraine in 2020 would be much more cost effective than via the Nord Stream 2 gas pipeline, National JSC Naftogaz Ukrainy has said.

“Considering the long-lasting arbitration proceedings in Stockholm, we are concerned about Gazprom’s intention to waste its scarce resources on economically unjustified projects. Naftogaz speaks in favor of forming a fair, transparent and competitive environment on the European gas market,” Naftogaz Director for business development Yuriy Vitrenko said.