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Ukrtransgaz proposes Hungary to store gas in Ukraine’s west

Source : 112 Ukraine

This could prevent emergency if Russia decides to supply gas through Ukraine starting from 2020
15:05, 25 March 2019

gas supplies
Open source

Ukrainian Ukrtransgaz Company offers to use the free capacities of Ukraine’s underground gas storage facilities to those European countries, which depend on the transit of Russian fuel through the territory of Ukraine. The press-service of the company reports this.

It is noted that such measures will ensure uninterrupted gas supply during the autumn-winter 2019-2020 years and will protect against potential threats to the energy security of the EU countries (in particular, in case of termination of the transit of Russian gas through the territory of Ukraine from the beginning of 2020).

“Now Ukraine can offer European customers storage facilities of about 12 billion cubic meters, and the maximum daily capacity from the facilities can be 260 million cubic meters. Technical capacity for exporting gas to Hungary is 68 million cubic meters per day, which is four times exceeds the productivity of the gas transport corridor from Austria to Hungary (only 15 million cubic meters per day),” Ukrtransgaz says.

It is reminded that the Ukrainian gas storage complex is the largest in Europe, it consists of 11 underground gas storage facilities with a total capacity of 31 billion cubic meters. In the last 10 years, Ukraine has used only 50-60% of its technical capacity for its own needs. The 5 most powerful Ukrainian storages are located in western Ukraine, only 160 km from the Hungarian border.

Related: Naftogaz, Finance Ministry to discuss gas prices with IMF

On January 1, 2020, a 10-year transit contract between Naftogaz of Ukraine and Russian Gazprom will end. There are no ongoing negotiations for the extension of the contract.

As it was reported that Russian Gazprom is officially notifying the countries on the suspension of gas transit through Ukraine.

On March 21, Peter Szijarto, the Hungarian foreign minister stated that Russia and Hungary agreed on the supplies of the Russian gas in 2020 - even without the agreement on gas transit between Kyiv and Moscow. 

In April 2018, Russian energy monopolist Gazprom declined the opportunity of extending the contract on gas transit with Naftogaz; only consultations would be held on this particular topic.

Gazprom and its partners intended to begin the realization of the Nord Stream 2 project, which costs ten billion dollars. It is expected that the 1200 km gas pipeline will be laid through the Baltic Sea, and will connect Russia and Germany passing Ukraine, Poland, and Baltic countries.

Related: Gas prices might not go up, - Naftogaz

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