Accumulated gas reserves in underground storage facilities reached 19 bcm,- Naftogaz CEO

Source : 112 Ukraine

At the same time, the country buys imported gas at a very high price
13:29, 12 September 2021

Executive Director of Naftogaz-Ukraine Yuriy Vitrenko

Ukraine has accumulated more reserves in its underground gas storage facilities than the Cabinet of Ministers had planned - and this is in the face of rising prices for blue fuel. This was announced by Naftogaz CEO Yuriy Vitrenko during the YES Brainstorming forum, Ukraine 24 reports.

"We are now approaching 19 bcm in our storage facilities, perhaps there will be even more. We have already exceeded the plan set by the government, which said that there should be 17 billion by the beginning of the heating season," Vitrenko said.

Related: Head of Naftogaz: Nord Stream 2 becoming symbol of Western corruption

He also recalled that in 2016-2018, Ukraine began the heating season with about 16 bcm in underground storage facilities.

At the same time, Vitrenko stressed that the country buys imported gas at a very high price.

Meanwhile, Ukraine counts to conclude a new contract with Russian Gazprom on the transit of 45 billion cubic meters of gas during 10-15 years after 2024.

“Together with the President’s Office, the Foreign Ministry, the Cabinet of Ministers, parliament and public figures, we do everything possible to keep the prospects (of transit through Ukrainian gas transmission system after 2024). The issue is not only about the economic component of the issue but about the real guarantees of the national security of Ukraine. Such guarantee, obviously, is the prolongation of the annual contract (with Gazprom) for 10-15 years with an annual volume of at least 45 billion cubic meters. The prospects depend on the diplomatic steps of Ukraine, observation by other countries of the energy solidarity (diversification of the sources and ways of gas supply), from demonopolization of the market, particularly, and up to the decisions of the international partners,” the message says.

Related: Nord Stream 2: Merkel in Warsaw reaffirmed support for Ukraine's role as gas transit country

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