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Russian gas delivery to Europe via Ukraine drops 25 percent

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(Last Updated On: May 12, 2022)

Russian gas supplies to Europe through the Ukrainian territory plummeted by nearly 25 percent in just one day, to a total of 72 million cubic meters on Wednesday, Russian energy giant Gazprom said.

Ukraine has left only one entry point for gas transit to Europe, which has significantly reduced the reliability of gas supplies, Gazprom spokesman Sergei Kupriyanov said.

The Gas Transmission System Operator of Ukraine (GTSOU) announced on Tuesday that it would close the Sokhranivka entry point on the eastern border on Wednesday due to “force majeure” — or unexpected circumstances such as war. Gazprom said it was notified of the Ukrainian decision on Tuesday.

The transmission volume via the Sokhranivka entry point is around 32.6 million cubic meters of gas a day, or a third of the Russian gas which is piped to Europe through Ukraine, GTSOU said.

Gazprom said it was still shipping gas to Europe via Ukraine, but volumes were seen at 72 million cubic meters on Wednesday, down from 95.8 million cubic meters on Tuesday.

Russia remains committed to contractual obligations, Kremlin spokesman Dmitry Peskov told reporters on Wednesday when asked about whether Russia will seek alternative gas transmission routes to Europe.

A German gas operator said volumes of gas entering the German pipeline system via Ukraine had dropped by nearly 25 percent compared with Tuesday as a result of the reduction in gas transit. But it said the decline had been offset by increased inflows of gas from Norway and The Netherlands.

Germany’s Federal Ministry for Economic Cooperation and Development said their natural gas supply security can still be guaranteed at present, and that they will pay close attention to the situation.

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Commerce ministry inks 10 MoUs to boost development of small and medium-sized businesses

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(Last Updated On: April 19, 2024)

The Ministry of Commerce and Industry said Thursday it has signed cooperation agreements with ten institutions to support the development of small and medium-sized enterprises.

Nooruddin Azizi, Acting Minister of Commerce and Industry, said: “In the implementation of projects, we must pay special attention to our activities and actions and try to make useful use of the projects according to the requirements and benefit the beneficiaries.”

These ten institutions are to present their projects, the total value of which is around over $1.1 million. The projects will be carried out in Kabul, Baghlan, Ghor, Herat, Logar, Nangarhar, Balkh, Badakhshan and Jawzjan provinces and provide direct jobs for about 1,000.

To date, the ministry has signed MoUs for 72 projects in total, collectively valued at about $53.6 million.

These agreements have been signed with domestic and foreign companies for the establishment of small and medium-sized businesses.

In accordance with the principles and laws of the Islamic Emirate and prioritizing the implementation of projects for immigrants and returnees and internally displaced people, the ministry said 635,865 people will benefit through jobs directly and over 4.3 million will benefit indirectly in 25 provinces once these projects are implemented.

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Export volume totals over $140 million in last month of 1402

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(Last Updated On: April 17, 2024)

The National Statistics and Information Authority (NSIA) confirmed Tuesday that in the last month of solar year 1402, (March 2024) Afghanistan’s exports totaled $141.1 million and imports totaled $789.6 million.

This was down from $174 million for exports in the same period in 1401. However, imports increased by $99.2 million in 1402, up from $690.4 million.

Most exports in the last month of 1402 went to Pakistan, India and the United Arab Emirates, while in the last month of 1401 exports went to Pakistan, India and China.

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Afghanistan-Kazakhstan chamber of commerce opens in Herat

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(Last Updated On: April 15, 2024)

The Ministry of Interior said the governor of Herat province Islam Jar met with Alim Khan Yasin Gildaye, Ambassador of Kazakhstan to Afghanistan, to discuss various issues around trade.

According to the ministry, the two sides discussed the expansion of trade facilities, increasing the volume of trade exchanges between traders of the two countries, reducing customs tariffs, solving the challenges of traders and issuing visas to them.

The Afghanistan-Kazakhstan Chamber of Commerce has been opened in Herat in order to facilitate and increase trade between the two countries.

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