Page 59 - UKRRptOct21

4.5bn cubic meters a year -- about half of Hungary’s gas needs – from two new, Gazprom-financed alternative lines. Ukraine will lose these volumes: 3.5bn cubic meters via Serbia and 1bn cubic meters via Austria.
Ukraine is surprised and disappointed with Hungary's decision to sign a new long-term contract with Russia's Gazprom in Budapest on September 27, 2021, regarding gas supply to Hungary bypassing Ukraine, the Ukrainian Foreign Ministry said in a statement. "We view this as nothing but a political, economically unfounded decision, which has been made to the benefit of the Kremlin and to the detriment of national interests of Ukraine and Ukrainian-Hungarian relations, in violation of the principles of the Treaty of Neighborliness and Cooperation between Ukraine and the Hungarian Republic dated December 6, 1991," the statement said.
Nord Stream 2 completed on September 7. The controversial Nord Stream 2 Russo-German pipeline has been completed. The last pipe section was welded into place on September 6. The operating company remains vague on the timing for the commencement of gas flow but said it would start before the end of the year. The required pre-commissioning procedures will need to be carried out to put the pipeline into operation. The $11 billion 2 projects is expected to double the capacity of the existing Nord Stream pipeline across the Baltic Sea and allow Russia to bypass Ukraine when piping gas to Europe.
After the completion of the Nord Stream-2 pipeline, Germany's energy regulator, said it had four months to complete a certification. After receiving all the necessary documentation, Nord Stream 2has lodged an application for an operating license from the pipeline company. The Federal Network Agency (Bundesnetzagentur) (BNA) has commenced the process of certification of the Nord Stream 2 with said it has up to four months from Sept. 8 to produce a draft decision on the application.
Ukraine’s gas imports amounted to 22.3 mcm per day as of Sept. 1, the Ukrainian Energy Exchange (UEEX) reports. Imports from the European direction came mainly from Hungary. The volume of domestic production came to an average of 54.46 million cubic meters of natural gas per day. As of September 2, 2021, Ukraine had 18.22 billion cubic meters of natural gas in its underground gas storage facilities Ukrtransgaz expects that more than 19 billion cubic meters of natural gas will be pumped into Ukrainian underground gas storage facilities before the heating season starts.
Two weeks before the heating season is expected to start, Ukraine has 18.8 billion cubic meters of gas in underground storage facilities,Ukrtransgaz reports. This is above average for this time of year and 99% of Ukraine’s goal for Oct. 15. Prime Minister Shmyhal told the Cabinet yesterday: “Local authorities will turn on heating as soon as the average daily temperature drops below 8 degrees [46F] and will stay that way for at least three days.”
Pulled up by gas, the import prices of Ukraine’s three main energy fuels jumped sharply over the last year, Alfa-Bank Ukraine reports. Oil is up 86%. Thermal coal is up 230%. And gas is up 493%. In real terms, the price of oil is over $80, the highest price in three years. Coal is now at $208 per ton, the highest level seen in Rotterdam since 2008.
With only half the coal stocks needed for the winter, Ukraine will import
59 UKRAINE Country Report October 2021 www.intellinews.com