Page 13 - GLNG Week 43 2022

GLNG EUROPE GLNG

Ukraine more than doubles gas

intake from EU and offers use of

its vast gas storage facilities

TRANSPORT UKRAINE has drastically increased gas intake wrote on social media, Interfax reported.
from the EU, transporting 21-21.5mn cubic Moreover, Ukraine wants to be allowed to
metres per day, Ukraine Business News reported purchase EU gas to place in its reserves in the
on October 27. off-season. The Director for Interaction with
The Gas Transmission System Operator of Government Bodies and International Organ-
Ukraine (GTSOU) noted that Ukraine is pump- izations of GTSOU, Olga Bielkova, said that
ing more European gas into its underground gas utilising Ukraine’s existing gas infrastructure
storage (UGS) facilities. The volume has risen will help solve congestion issues in gas supplies
from 8-10 mcm per day last week to 21-21.5 from the Mediterranean to Central and Eastern
mcm on October 25 and 26, and comes primar- Europe.
ily from Poland, Slovakia and Hungary. The GTSOU stated earlier this year that
Due to the warm weather, imports of lique- Ukraine can help strengthen Europe’s energy
fied natural gas (LNG) and a drop in gas prices, security as it moves away from Russian gas.
European states have nearly filled up their gas Bielkova stressed this point and said that
storage, reaching 93.6% across the Bloc. Ukraine, Ukraine could be a valuable asset to the REPow-
which has some of the largest UGS facilities in erEU plan to move away from Russian fossil
Europe, is encouraging the EU to use its spare fuel dependence and develop interregional gas
capacity as members will likely have to purchase transportation.
more gas in several months. Kyiv approved the Gas Storage Development
“Gas prices are their lowest for several Plan for 2022-2031 over the summer and will
months. A great opportunity to use Europe’s allocate $277mn to construct UGS facilities
largest underground gas storage facilities with as well as $168mn to develop infrastructure
15bn cubic metres of spare capacity. Additional facilities and reconstruct UGS technological
gas volumes will be needed this winter,” Ukrain- equipment.™
ian Energy Minister Herman Halushchenko

Week 43 27•October•2022 www. NEWSBASE .com P13