Naftogaz has signed an agreement with a major international trader for guaranteed physical deliveries of around 450 mcm of gas in Q1 2020.
“Thanks to the developed European gas market, and despite the risk of gas transit interruption by Russia this coming winter, we have contracted the required volumes with physical delivery in Q1 2020. We have ensured the proper preparation for the coming heating season, injected additional gas volumes to our UGS facilities, made our GTS ready for operation without transit, and contracted physical gas deliveries that do not depend on Gazprom’s behavior. This gives us confidence that the winter season will be warm in Ukraine, whatever our northern counterparts may do,” commented head of Naftogaz integrated gas business unit Andrew Favorov.
Naftogaz is now considering several more offers from major European traders regarding gas supplies after the New Year and will use them if it is commercially justified.
NJSC Naftogaz of Ukraine