Natural Gas Pipeline
Ukraine aims to import gas via Transbalkan Pipeline at lower transit fees
The Ukrainian energy ministry announced on Tuesday that the Ukraine's energy regulator had approved a mechanism for importing gas from Greece through the Transbalkan Pipeline. This will allow the gas to be delivered without paying high transit fees. Since a series devastating Russian missile attacks this year that significantly reduced the domestic gas production, Ukraine has been facing a severe gas shortage. Ukraine imports gas through Slovakia and Hungary but not via the southern route due to its higher transit fees, since gas from LNG Terminals in Greece passes also through Bulgaria, Romania, and Moldova. The Transbalkan route is a...