Ukraine to offer Russia 60 bcm gas transit capacity

Published April 25, 2019. Updated April 25 at 9:17 pm

A compressor station of Ukraine's Naftogaz national oil and gas company near the northeastern Ukrainian city of Kharkiv. Ukraine has completed the process of separating its gas production company from its gas distribution network. Naftogaz and the transmission system operator will now be separate entities working independently of one another. Unbundling the gas system was a long-await reform critical to Ukraine’s greater integration with the European Union.

Photo by AFP

Ukraine will offer to Russia to reserve 60 billion cubic meters (bcm) of transit capacities of the Ukrainian gas transmission system (GTS) for the period of 10 years at trilateral gas talks expected to be held at the end of May, Executive Director of NJSC Naftogaz Ukrainy Yuriy Vitrenko said at a press conference in Kyiv on April 25.

He said that in general, Ukraine plans to undertake a liability to ensure the transit capacity of 90 bcm of gas. In particular, other companies or Gazprom could reserve the capacity of 30 bcm.