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European Commission urges Ukraine to stock up gas

With Ukraine's gas storage barely a third full, the European Commission has urged the country to stock up with cheap summer gas. As of July 17 the country's huge capacity had just 10.035 bn m³ ahead of winter, or 32.4% full.
European Commission urges Ukraine to stock up gas

EC vice-president for the energy union, Maros Sefcovic met Ukraine’s prime minister Volodymyr Groysman in Brussels July 19. They discussed a broad agenda of issues related to EU – Ukraine energy relations and underlined the need to carry on the important reform processes going on in the areas of gas, electricity and energy efficiency, the Natural Gas Europe edition reports.

With a view to the preparations for the winter heating season, Sefcovic expressed the critical importance of filling up the facilities. The falling gas prices in Q3 2016 were most favourable to pump in additional significant amounts of gas, he said.

In this context, he encouraged Naftogaz Ukrainy and Gazprom to agree on the terms for the purchase of Russian gas, which was in their mutual interest. The EC stood ready to facilitate, if necessary and requested, the talks in a trilateral format, as had proven to be successful for the past two winters.

Naftogaz Ukrainy CEO Andriy Kobolev said the company was “grateful to the EC for the proposed help in conducting the trilateral negotiations” and ready to participate in such a meeting in the nearest time and place suitable to all parties. He also said that Naftogaz Ukrainy began importing gas on its own account in July.

“EBRD has completed its prequalification process. We will issue further statements on EBRD in due course,” it said in a statement.