GTSOU: the volume of gas re-export increased 6 times in February – up to 199 million cubic meters

March 5, 2021 – In February 2021, at the request of traders, GTSOU re-exported 199 million cubic meters of gas to the EU from Ukrainian underground storage facilities. This is 15% less than in January. Gas transportation from the EU to Ukraine during this period decreased 15 times – up  to 29 million cubic meters. The dynamics of re-export and transportation of gas to Ukraine is associated with the high load of underground gas storage facilities both in the EU and in Ukraine. Furthermore, the statistics are influenced by the fact that February is a short calendar month.

“Suppliers and traders who injected gas into Ukrainian underground storage facilities in the “customs warehouse” mode and using the short-haul service during the summer use their own reserves. This is a favorable time for this, as prices on energy exchanges are much higher than in summer. Moreover, customers continue to store gas in Ukraine. This indicates that the Ukrainian gas infrastructure is already part of the EU energy system, and we are deepening further integration with Western markets”, – commented Ievgen Todorov, Commercial Director of GTSOU.

The total cumulative result of gas re-export in January-February 2021 amounted to 433 million cubic meters, 77% (or 333 cubic meters) of which – in the short-haul mode. More gas was delivered to Hungary – 268 million cubic meters, as well as to Poland – 112 million cubic meters and Slovakia – 53 million cubic meters. The service was used by 18 traders, including 2 Ukrainian companies and 16 foreign ones.

In January-February 2021, the volume of gas transported from the EU to Ukraine amounted to 468 million cubic meters: from Poland – 91 million cubic meters, Slovakia – 65 million cubic meters, Hungary – 403 million cubic meters. 86%, or 403 million cubic meters were imported in the backhaul mode. Almost all gas was directed for use in the domestic market of Ukraine. The service was ordered by 18 traders, including 5 Ukrainian companies and 13 foreign ones.