Ukraine imports 2 bln m3 of Central Asian gas in 2Q11

Ukraine imported 2 bln m3 of Central Asian gas at USD 280 per ths m3 in 2Q11, versus none in 1Q11, the State Statistic Committee reported yesterday. Imports from Russia in 2Q11 amounted to 9.4 bln m3 at USD 299 per ths m3. Antonina Davydenko: The import statistics are potentially positive for Stirol (UX: STIR UK, BUY) whose margins could benefit from cheaper Central Asian gas. In April, Stirol’s primary beneficiary Dmytro Firtash said he was planning to buy Central Asian gas through his Ostchem Holding, but did not disclose prices nor volumes.

Natural gas imports to Ukraine in 7M11
———— ——————————–          ——————————– ———
Exporter                     1Q11                                        2Q11              July 2011
                 volume     value  avg. price              volume      value  avg. price    volume
                    tcm   USD ths USD per tcm              tcm    USD ths USD per tcm    ths m3
———— ——————————–  ——————————– ———
Russia       17,918,900 4,716,458         263      9,436,644  2,817,030         299 1,355,744
Kazakhstan       –         –           –    488,986      136,916         280   150,856
Turkmenistan    –         –           –    487,417      136,477         280   181,106
Uzbekistan       –          –           –    519,933      145,581         280   184,389
———— ——————————–  ——————————– ———
Source: Interfax