Austria hosted an international meeting for gas transmission system (GTS) operators in Europe in November of this year. The event was attended by representatives of the dispatching services of key participants in the European gas market, including the Gas TSO of Ukraine, SNAM, OGE, GAZ-SYSTEM, NET4GAS, GASCADE, GCA, EUSTREAM, PLINOVODI and TAG. The primary objective […]
Category: News
Ukraine has injected over 1 bcm of natural gas into underground storage facilities
Since the beginning of this year’s natural gas injection season (March 31), Ukraine has injected about 1.06 bcm of natural gas into underground gas storage facilities (UGS) as of May 25. This is evidenced by the calculations of ExPro. Gas injection volumes increased last week – up to 31.7 mcm on May 22, the highest […]
UKRAINE NEEDS TO RETURN TO THE IMPLEMENTATION OF THE GAS RELEASE PROGRAM, – A. MYZOVETS
We need to return to the implementation of the Gas Release Program (the sale of part of the gas produced by Ukrgasvydobuvannya JSC on the domestic exchange). After all, these are the obligations undertaken during the gas market reform and prescribed by the third energy package. This was discussed by market participants at a discussion […]
SYNCHRONIZATION OF UKRAINIAN AND SLOVAK MARKETS IN THE GAS SECTOR
Ukraine and Slovakia discussed the development of infrastructure projects of the Eastern European Energy Hub. During the intergovernmental consultations between Ukraine and Slovakia, the delegations discussed joint steps in the nuclear industry, diversification of oil and natural gas transportation, and synchronization of market conditions and products to increase liquidity in the gas and electricity markets. […]
HOW TO RETURN LIQUIDITY TO THE STOCK EXCHANGE? – R. STOZHHEV AFTER THE ENERGY CLUB MEETING
How to return liquidity to the exchange? The reporting mechanism and price index were the topics discussed by gas market participants at the Energy Club meeting. Key thoughts and quotes: – There are only three players that shape supply and demand in the gas market today: “Naftogaz, Ukrnafta and GTSOU. Our prices are disconnected from […]
USAID provides GTSOU with a mobile data center
The United States Agency for International Development (USAID) has provided the Ukrainian Gas TSO (GTSOU) with a mobile data center. This was reported by the press service of GTSOU. According to the GTSOU, this data center supports the dispatching activities of the GTSOU, ensuring uninterrupted gas supply to Ukrainians. Installed on a chassis, it can […]
Falling Ukraine VTP prices may help resurrect gas market competition – trading association CEO
Ukrainian VTP prices are converging with EU values Falling prices could incentivise return to free market rules Gas Traders of Ukraine CEO says softening supply risks could see cross-border trading resume LONDON (ICIS)–Ukraine could lift gas trading regulatory restrictions and revert to free market arrangements as a window of opportunity is opening up, the CEO […]
The Ukraine war offers energy arbitrage opportunities
It also provides a glimpse at the future of European gas supplies Europe had weathered one winter since Russia’s invasion of Ukraine in 2022. But although gas prices had returned to Earth, they were sure to rise in the colder months to come. Thus if commodity merchants bought at rock-bottom rates in the summer, they could […]
Ukraine increased gas production by 0.9% – up to 18.7 bcm in 2023
Ukraine produced more than 18.7 bcm of gross natural gas in 2023, according to ExPro calculations. Compared to last year, gas production increased by 0.9% – from 18.54 to 18.7 bcm. Last year, natural gas production in Ukraine fell by 6% due to the full-scale invasion of Russia. Already in 2023, companies showed an increase […]
Gas withdrawals from Ukrainian UGS exceed 100 mcm for the first time in more than two years
On January 9, the volume of natural gas withdrawals from Ukrainian underground gas storage facilities (UGS) reached almost 104 mcm, according to ExPro Daily Gas. This is the highest level of gas withdrawals from storage facilities in more than two years – since the end of December 2021. Compared to the previous day, gas withdrawals increased […]