Transit is only optimal utilization of Ukrainian GTS

Transit is only optimal utilization of Ukrainian GTS

Ukraine’s gas transmission system was built for gas transmission, and transit is currently the only way to use it optimally.

"The GTS was built specifically for transit. And it can be used optimally today in no other way. About 80% of revenues come from external sources: through transit and traders who work with us to supply gas mainly from Russia to the EU," Olha Belkova, the head of GTSOU’s department for international activities and cooperation with government agencies, said during the discussion titled "Five years of gas independence of Ukraine", an Ukrinform correspondent reports.

According to her, if Russian gas projects are implemented, they will pose a challenge.

"Leaving things as they are [80% of financing from external revenues] is a top priority. The operational capacity of the GTS is such that it will not be efficient without large volumes of gas transmission," Belkova stressed.

As reported, since November 2015, Ukraine has been receiving natural gas under contracts exclusively from the European Union. Ukraine does not have a contract for gas supplies from the Russian Federation.

Over ten months of 2020, the GTS Operator of Ukraine transported 15.2 billion cubic meters of gas from Europe to Ukraine at the request of its customers.


Let’s get started read our news at facebook messenger > > > Click here for subscribe

While citing and using any materials on the Internet, links to the website not lower than the first paragraph are mandatory. In addition, citing the translated materials of foreign media outlets is possible only if there is a link to the website and to the website of a foreign media outlet. Citing and using materials in offline media, mobile apps, Smart TV are allowed only with written permission from Ukrinform. News and publications marked as "Advertisement" and "PR" and articles in the section "Releases" include promoted content, and an advertiser is responsible for the content.

© 2015-2021 Ukrinform. All rights reserved.

Website design Studio Laconica

Extended searchHide extended search
By period: