Procedure for financial security creation

In accordance with the Gas Transmission System Code, financial security for the fulfillment by a network user of obligations to pay for actions to resolve the daily imbalance of natural gas volumes injected to/ withdrawn from the gas transmission system is provided to the gas transmission system operator in one or more of the following forms:

– bank guarantee;

– transfer by a network user to the gas transmission system operator as financial security of funds on the basis of the natural gas transportation agreement.

Training video on the calculation of financial security – YouTube from 01.10.2020

Calculator for financial security calculation – UA.xlsx

Calculation of the term of the bank guarantee – UA.docx

Banking details for the creation of financial security by monetary funds – UA.pdf

Template for a letter on the return of funds that were transferred as financial security – UA.docx

Bank guarantee of obligations fulfilment

• Template of bank guarantee of obligations fulfilment – UA.docx
• Template of Amendments to the bank guarantee for the fulfillment of obligations by setting out the full text of the guarantee in a new wording – UA.docx
• Template of Amendments to the bank guarantee for the fulfillment of obligations by setting out a separate paragraph of the guarantee in a new wording – UA.docx
• Bank guarantee and/or amendments to it are provided exclusively with a covering letter – UA.docx 

Please be informed that a bank guarantee and/or amendments to it may be transferred to LLC Gas TSO of Ukraine as follows:

1. to be sent to the address of LLC Gas TSO of Ukraine (44 Liubomyra Huzara Avenue, 03065, Kyiv, Ukraine);
2. to be left in the mailbox located in the lobby of the office building;
3. to be handed over directly to an employee of LLC Gas TSO of Ukraine.

• Template for a letter to agree on the return of a bank guarantee from 01.10.2020 – UA.docx
• Template for a letter to agree on a reduction of a bank guarantee from 01.10.2020 – UA.docx

ATTENTION! After the expiration of the validity period, the guarantee is returned to the address of the guarantor bank.

The state of financial security can be checked when submitting nominations/renominations (subject to the creation of the draft).

To do this, highlight the line for the draft nomination/renomination and press the button “State of financial security”:

Next, upload the report in PDF: