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Ukraine, Hungary sign agreement on gas transportation from January 1, 2022

Source : 112 Ukraine

According to the agreement, Ukraine will be able to transport up to 8 million cubic meters of gas daily
10:41, 23 December 2021

Open source

Ukraine and Hungary signed an agreement on gas transportation from January 1, 2022 as the Gas Transmission System Operator of Ukraine reported.  

“Gas Transmission System Operator of Ukraine (GTSOU) and the Hungarian gas transmission system operator FGSZ have entered into an agreement on cooperation to introduce guaranteed capacities for the transportation of natural gas from Hungary to Ukraine from January 1, 2022," the message says.

It is noted that in this way Ukraine increases its guaranteed capacity by almost 30% and will be able to transport up to 8 million cubic meters of gas daily (2.9 billion cubic meters per year) from Hungary to Ukraine.

Related: Discussion of crises in Belarus and Ukraine should take into account gas prices, - Borrell

Together with the existing 27 million cubic meters of daily capacity from Slovakia, the agreement will increase the total volume of guaranteed opportunities for gas imports to Ukraine to 35 million cubic meters per day.

GTSOU Director-General Serhiy Makohon noted that for the first time since 2014, Ukraine has been increasing its guaranteed capacities for importing gas from Europe.

A test mode is introduced in the first three months of 2022. Operators need it to coordinate and adjust all technical and operational processes for the transportation of natural gas in the direction of Hungary - Ukraine. The first daily auction will take place on December 31, 2021.

Related: Gazprom reduces gas pumping through Poland for three days in a row

Earlier it was reported that gas imports to Ukraine in November decreased by 77%, or 510 million cubic meters since Gazprom refused to book additional transit capacity through Ukraine and Poland for the first quarter of 2022.

On November 11, Gazprom returned to the contractual daily volumes of gas transit through Ukraine of 109 million cubic meters of gas per day

According to the Russian state concern Gazprom, gas reserves in Ukrainian UGS facilities have dropped almost to the level of the beginning of injection. As of mid-December, the volume of gas in the storage facilities was 15 billion cubic meters.

Related: No gas - no fertilizers: Prices for agricultural products will grow by quarter in 2022

Recently, Prime Minister Denys Shmygal announced his government's plans to increase gas and coal production in Ukraine.

Meanwhile, the price of gas futures in Europe surpassed $2,000 per thousand cubic meters against the background of cold weather and reduction of gas pumping by Russian Gazprom.

 

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