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Olga Bielkova: Ukraine’s gas infrastructure contributes to the stability of the European gas market

Ukraine’s GAS TSO provides competitive gas transportation tariffs and promotes the economic attractiveness of storing gas in Ukrainian storage facilities for European companies. In her Ukrainian Energy Transition Forum speech, Olga Bielkova, Director for Government Relations and International Organizations of GTSOU, emphasized this.

Ukraine’s Gas TSO maintains the necessary gas transportation capacities at the borders with neighboring countries to ensure gas injection into Ukrainian UGS facilities and to guarantee imports in case of domestic shortages. The cost of gas transportation from LNG terminals to Ukraine is also competitive. Favorable transportation prices and short-haul and customs warehouse modes create attractive conditions for  European traders to bring gas to Ukrainian storage facilities.

“We are cooperating with adjacent TSOs in the neighboring countries, specifically with Poland, to see how we can even improve these connections and offer to the market more stability and assurance that Ukraine will play a special role in the future as well,” said Olga Bielkova. “Some gas storage facilities in the EU are currently at their peak capacity, although the injection season has just started. Therefore, the Ukrainian gas transportation system and underground gas storage facilities can provide a competitive offer. We have the extensive gas infrastructure, and the government has introduced special conditions for foreign traders to guarantee safe gas exports.”

Ms. Bielkova noted that GTSOU is working on developing the biomethane industry, ensuring the possibility of transporting decarbonized gases through the Ukrainian GTS for further export to Europe, and constructing a gas-powered generation at GTSOU facilities to generate electricity and strengthen the stability of the energy system. Attracting investments and developing these technological directions benefit companies in Ukraine and Europe. It contributes to the region’s security and the transition to sustainable energy.