Naftogaz and Ukrtransgaz join the AGSI + European UGS facilities data display system under the standards of the Gas Storage Europe (GSE). Since then, data on gas stocks in the UGS facilities is available to customers both in Ukraine and abroad.
New customers are attracted by such transparency and favourable tariffs: as of the beginning of 2021, a third of the gas stored in the UGS facilities of Ukraine was owned by almost 100 foreign traders from 24 countries.
Ukrtransgaz has entered into an agreement with European TSOs: Eustream a.s. (Slovakia), Gaz-System SA (Poland) and FGSZ (Hungary) on the virtual reverse flow of natural gas from the EU. This enables the Gas TSO of Ukraine to operate concurrently for the transit of Russian gas to Europe, the import of European gas to Ukraine, and the supply of gas to Ukrainian consumers.
Once Crimea is occupied, Gazprom tries to raise the gas price for Ukraine. In response, Naftogaz sends Gazprom proposals to review the gas supply contract and a pre-arbitration note with a proposal to resolve disputes regarding the provisions of natural gas sales and purchase agreement (dated 2009) by means of negotiations.
The Parties did not reach a compromise and Naftogaz files a lawsuit with the the Arbitration Institute of the Stockholm Chamber of Commerce (SCC) claiming a fair and market gas price. Naftogaz also claims to recover from Gazprom the amount overpaid for gas which has been supplied to National Joint Stock Company “Naftogaz of Ukraine” since 2010.
Naftogaz also initiates arbitration proceedings with the SCC to amend the contract entered into with Gazprom on the natural gas transit across Ukraine. This action is made as Ukraine needs to fulfil its obligations as a member of the Energy Community to implement European energy laws including the provisions of the so-called Third Energy Package by 1 January 2015.
Gas production started jointly with the Egyptian General Petroleum Corporation (EGPC) Alam El Shawish East: 16 prospecting, 12 exploration, and 12 production wells were drilled, seven oil and gas fields were explored, and production began at four.
Through the mediation of the European Commission, Naftogaz and Gazprom agreed on the first “winter” gas package: if needed, Naftogaz would order gas from Gazprom under a flexible schedule and without the “take or pay” condition.