Ukraine expresses readiness to offer additional capacity for gas transit to Europe in the amount of at least 55 million cubic meters per day. This was stated by Prime Minister Denys Shmyhal in a Saturday Interview program on Radio Svoboda.
"We have a transit contract until 2024, but we are negotiating to extend it for 15 years. Such talks are currently underway with European partners, as they, as gas buyers, are interested in Ukraine remaining a reliable transit country for blue fuel. In general, our gas transit system can transport twice as much gas as is currently contracted. The system is prepared for that and it is completely reliable," the Prime Minister stressed.
Denys Shmyhal also noted that Ukraine had addressed the EU with an initiative to use Ukrainian gas storage facilities as a ‘gas safe’ for Europe. Ukraine has historically filled its gas storage facilities with 20-26 billion cubic meters out of 33 available, and the rest can be offered to European partners. According to the Prime Minister, such a ‘gas fund’ will become a good stabilizing factor for overcoming energy crises.
Besides, the Prime Minister stressed that Nord Stream 2 is a hybrid weapon of Russia not only against Ukraine but also against Europe.
"We have constantly stressed to our partners that Nord Stream 2 is a hybrid weapon of Russia and will be used to influence the European energy market. This project has not yet been put into operation, but we already see that Russia is using it to blackmail and provoke an energy crisis in the EU. Ukraine will continue the dialogue with international partners to show the real danger of Nord Stream-2," said Denys Shmyhal.
The annual capacity of the Ukrainian GTS is 146 billion cubic meters of gas, which allows it to transport almost twice as much blue fuel than through the gas pipelines Nord Stream 1 and Nord Stream 2, the volume of which is only 55 billion cubic meters of gas per year.
This year, investments in the Ukrainian GTS have grown significantly - in 8 months, almost UAH 4.6 billion was financed for repairs, diagnostics, maintenance and capital investments. Two new compressor stations the Bar and the Yagotyn are under construction, and another 8 are planned to be completed by 2025. The GTS operator estimates that in the next 10 years the investment for the modernization of the Ukrainian gas transport system will amount to $1.5 billion.