Deputy Minister of Energy of Ukraine Mykola Kolisnyk took part online in a conference on the EU-Ukraine partnership to enhance business opportunities.

“The Ministry of Energy is very interested in attracting European traders to the Ukrainian market. Despite the war, our market is functioning well. Ukraine is part of the European energy markets and offers natural gas storage services to our European partners,” the Deputy Minister stressed.

Mykola Kolisnyk appealed to European companies with a proposal to use the capacities of Ukrainian underground gas storage facilities at the lowest prices. He noted that the companies operating Ukraine’s gas transmission system and underground gas storage facilities had done a lot of work to prepare the facilities for natural gas storage. In particular, the system has been tested and various scenarios and situations that may arise during the winter period have been worked out. In addition, Ukrtransgaz, the gas storage operator, has successfully been certified according to European regulations.

The Deputy Minister also briefed the participants of the event on the current situation regarding the legal aspects of regulation of the Ukrainian gas market. In particular, on the initiative of the Ministry of Energy, public consultations are underway to amend the National Action Plan to ensure the impossibility of banning re-exports of natural gas from Ukraine and other guarantees of security of gas supply and storage.