12:10 18.07.2017

Ukraine to design most efficient way to use UGS for next 20 years with EU support

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Ukraine to design most efficient way to use UGS for next 20 years with EU support

Ukraine and the European Union have launched a project to forecast the demand for underground gas storage facilities (UGS) for the next 20 years and to study the possibilities of using Ukrainian storage facilities in this market, the press service of Naftogaz Ukrainy has said.

According to its data, based on the results obtained, several strategic scenarios for the best use of Ukrainian UGS will be developed.

A kick-off meeting held on July 12 was attended by the representatives of Naftogaz, Ukrtransgaz, Trunk Gas Pipelines of Ukraine, the Ministry of Energy and Coal Industry, the Ministry of Economic Development and Trade, the Energy Community Secretariat and international consultants selected by the EU.

The project will be implemented by a consortium consisting of a top global management consulting firm, French operator of underground gas storages (Storengy) and an international law firm (CMS Cameron McKenna Nabarro Olswang).

The project is funded by the European Union and is designed to build up a sustainable business case for Ukraine's underground gas storage facilities in the context of the European and Ukrainian energy market. Naftogaz will participate in the project's steering committee, along with other key stakeholders, including representatives of the Ukrainian government.

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