Ukrtransgaz becomes the second gas storage operator in Europe to successfully pass certification under new EU rules – Oleksiy Chernyshov

Naftogaz Group’s subsidiary company—Ukrtransgaz—has successfully completed its certification under new EU gas storage regulations. The National Commission for State Regulation in the Fields of Energy and Utilities (NCSREU) made this decision on Friday, April 7.

Ukrtransgaz has become the second gas storage operator in Europe to successfully pass certification and confirm its right to store gas in accordance with the updated rules of the European Union and the Energy Community.

This is a strategically important decision for Naftogaz’s Gas Storage Operator – Ukrtransgaz. Its certification is another step towards strengthening energy security both in Ukraine and the EU. I sincerely thank everyone who has contributed to this process from the registration of the bill at the Parliament to the Regulator's final decision on certification. I am also very grateful to the experts of Ukrtransgaz whose dedicated work made certification possible," said the head of Naftogaz Group, Oleksiy Chernyshov.

Ukrtransgaz's certification will enable using Ukrainian gas storage facilities to implement measures to ensure energy security in Europe, as provided for by the EU Regulation on gas supply security. This includes storing gas reserves of foreign customers, as well as the reserves of countries without gas storage facilities or volumes of gas that are jointly purchased by countries in the event of a crisis.

Thus, certification will enable us to develop new partnerships and, accordingly, contribute to strengthening the energy security of Ukraine and the EU," added the Acting CEO of Ukrtransgaz, Roman Malyutin.

We would like to remind you that the mandatory certification procedure for gas storage operators was introduced in the EU on July 1, 2022. Its main goal is to counteract the use of gas storage facilities controlled by Russia in the territory of Europe for blackmailing other countries. In addition, it is intended to prevent a repeat of the most recent autumn-winter period where gas volumes in storage facilities were insufficient.

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