Over the next 10 years, Ukrtransgaz plans to invest UAH 31.040 billion in the development of underground gas storage facilities (UGS) in accordance with the gas storage development plan for 2025-2034 approved by the National Energy and Utilities Regulatory Commission (NEURC).
“The result of the implementation of the Gas Storage Development Plan for 2025-2034 should be to ensure reliable and trouble-free operation of gas storage facilities,” the regulator said in its justification for the relevant resolution adopted at a meeting on Tuesday.
Based on this year’s results, Ukrtransgaz plans to spend UAH 1,091.468 million of its own funds on the development of the UGS facilities. In particular, the company plans to allocate UAH 474.320 million for the operation of gas storage facilities, UAH 266.729 million for the modernization and purchase of vehicles, special machines and mechanisms, UAH 207.506 million for UGS facilities, and UAH 93.679 million for the implementation and development of information technologies.
As reported, in 2023, Ukrtransgaz earned almost UAH 7 billion in net profit, compared to UAH 3.2 billion in 2022.
Ukrtransgaz is a part of Naftogaz Group. It provides for the operation of Ukrainian underground gas storage facilities, as well as modernization and construction of main gas pipelines and facilities on them. It owns 12 underground gas storage facilities located throughout Ukraine with a total capacity of 31 billion cubic meters.
