News
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Ukrtransgaz strengthens the verification of UGS customers by international standards
Ukrtransgaz strengthens the measures for checking the customers of gas storage services and introduces the international standard KYC (Know your customer). KYC verification includes a range of activities, such as the identification of the participants and the ultimate beneficiary (-ies) of the counterparty, as well as the verification of the application of sanctions to the counterparty, participants and final beneficial owners. -
The algorithm for mapping key performance indicators of underground gas storage facilities changed
Since 18.09.2020 Ukrtransgaz JSC as an operator of gas storage facilities of Ukraine has changed the algorithm of mapping key performance indicators of UGS on its site. The reporting is now more detailed. In particular, the company has identified the resources available but does not plan to use them in the injection/withdrawal process any time soon. -
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Now UGS clients can declare gas at «Custom Warehouse» online
Since September 1, 2020, customers of the Storage System Operator of Ukraine will be able to order online services of declaration of natural gas moving across Ukraine’s custom border for storage in «Customs Warehouse» regime. The corresponding functionality appeared in the customer’s cabinet of the SSO’s Information Platform. Therefore, the process of ordering the declaration services has been simplified and has become the same for all market participants. -
To the attention of customers of gas storage services. How to track the free capacity of Ukrainian UGS facilities online
Since August 2020, Ukrtransgaz as the operator of UGS of Ukraine has started to publish daily up-to-date information about the free capacity of gas storage facilities on the site. -
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As of the beginning of August 2020, more than 22 bcm of gas are stored in Ukrainian UGS. Icluding 5.2 bcm that belong to foreigners
The growing demand of Ukrainian underground gas storage facilities by foreign traders remains a key trend in UGS operations for 7 months of 2020. At the beginning of August, the total supply of natural gas reached 22 bcm – the highest level since Ukraine became independent. At the same time, non-resident companies store 5,2 bcm of gas in Ukraine. This is almost four times more than last year. Thus, Ukrainian UGS become the guarantor of energy security for Ukraine as well as EU countries. -
Level of Ukrainian gas storage filling exceeded last year’s maximum
On July 27, 2020 the level of filling of Ukrainian UGS reached 21,8 bcm. This was the active volume of gas in underground storage facilities last year at the end of the injection season in November. This year, this level is 100 days early. -
In the first half of 2020 6,5 bcm of gas were injected into Ukrainian UGS, 2,6 bcm of them – by foreign companies
The first half of 2020 becomes the record-breaking for Ukrainian UGS in recent years. In addition to the increase of gas injection of own production, there is a significant growing demand by European customers for the use of Ukrainian UGS. -