News

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.

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.

As of September 1, 2020, 25.6 bcm* of natural gas are accumulated in the Ukrainian UGS. Non-resident companies own 7.9 bcm of them.

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.

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.

Sergiy Oleksienko left the position of CEO of Ukrtransgaz JSC on August 5, 2020. From August 6, 2020, Sergiy Pereloma is the acting CEO of Ukrtransgaz JSC.

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.

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.

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.

On June 24, 2020, the NKREKP approved the Plan for the Development of Gas Storage Facilities Operator of Ukrtransgaz JSC for 2020-2029, as well as the investment program of Ukrainian UGS for 2020.