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Ukraine to finish heating season with excess gas reserves, - Energy Minister

Source : 112 Ukraine

He also noted a significant level of gas storage in European storage facilities
16:26, 29 January 2020

24 Channel

Ukraine will finish the heating season with excess reserves of natural gas in its underground storage facilities. This was announced by the Minister of Energy and Environmental Protection Oleksiy Orzhel during a press conference, Interfax-Ukraine reports.

"100%, we are withdrawing from the heating season with excess reserves. Large reserves are also placed in European gas storage facilities," he said.

Related: Ukraine’s gas storages may interest four European countries

According to him, large reserves, transit contract, which was concluded at the end of 2019, and warm winter are drivers of lower gas prices in Europe, which will eventually affect the payments of the country’s end users.

As we reported earlier, the head of the European Commission, Ursula von der Leyen and Russian President Vladimir Putin discussed the issue of gas transit through Ukraine. She wrote about this on her Twitter page.

“Good to meet with Russian President Vladimir Putin in the margins of the Berlin Conference. We spoke about the Ukraine-EU-Russia trilateral gas agreement via Ukraine,” she wrote.

Related: Implications of the government reshuffle for Russia’s oil and gas sector

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