Roman Maliutin, Head of Ukrtransgaz: “Ukraine is becoming an integral part of the EU's energy security”

As of today, non-resident traders have injected and stored more than 2 bcm of gas in Ukraine’s underground gas storages (UGS). This demonstrates that our country is increasingly integrating into the European energy system.

This was stated by Roman Maliutin, the Head of Ukrtransgaz, following the company's participation in the 18th Gas Forum organized by the Energy Community.

The main issues discussed at the Forum included the readiness of EU countries for the 2023/2024 heating season and a strategic role of Ukraine’s UGS in ensuring gas supply security.

“Non-resident traders have injected more than 2 bcm of gas into Ukraine’s UGS. Changes in gas flows make the UGS an integral part of the European energy market, and Ukraine’s UGS will play an increasingly more important role in price trends and EU energy security,” said Roman Maliutin.

During the Gas Forum, Ukrtransgaz presented to participants the UGS operation results in a customs warehouse regime and emergency safety measures.

Other potential areas of cooperation include reducing the environmental impact of fossil fuel use.

Roman Maliutin also presented the company’s vision of cooperation for renewable gases: “Ukrtransgaz has the potential to store renewable gases and develop green energy. We are actively involved in discussions of the necessary legislative changes and already have plans for the company's development in this direction.”

According to the Head of Ukrtransgaz, since April 2023, the company has been a certified storage system operator, which creates broad prerequisites for further integration of the Ukrainian natural gas market with the European one and work on green energy projects.