On June 23, a second auction will be held for gas supplies to Ukraine from Greece via the Trans-Balkan corridor after the first auction on May 29 failed to take place, the Ukrainian Ministry of Energy and the Ukrainian Gas Transmission System Operator said on Thursday.
As noted in particular by the Ministry of Energy, Deputy Minister Mykola Kolisnyk called on traders to actively participate in booking the product.
“At the end of 2024, the guaranteed capacity was set at 7 million cubic meters per day. The parties are now working to increase the guaranteed capacity to 11.5 million cubic meters per day by 2025,” the ministry said.
According to Kolesnik, having a joint product in the form of gas transportation from other countries, in particular from Greece, Bulgaria, and Romania to Ukraine using an economically advantageous tariff, it is possible to increase the capacity and tariff revenues of each of the participating countries, as well as ensure the supply of non-Russian resources to the EU.
“This is a way to integrate our existing infrastructure into the pan-European infrastructure on fairly competitive terms and with resources to cover the consumption of Central and Eastern Europe,” the deputy minister noted.
As emphasized by Vladislav Medvedev, acting director general of OGTSU, for Ukraine, the Trans-Balkan pipeline means access to new sources of gas: liquefied gas coming from all over the world to Greek and Turkish LNG terminals; Azerbaijani gas transported via the TAP gas pipeline; and Romanian and potentially Bulgarian offshore gas.
“Currently, together with the TSO operators of Greece, Bulgaria, Romania, and Moldova, we have introduced a joint package product for gas imports from Greece to Ukraine on competitive terms until October 2025. This product temporarily resolves the issue of high tariffs along the route,” he said.
According to Medvedev, the next step is to develop a long-term commercial solution to enable gas transportation along the entire route to Central European markets.
As reported, the first auction on May 29 for booking capacity for gas transportation from Greece to Ukraine along the Trans-Balkan route for June in the amount of 2.9 million cubic meters per day ended without any bids from participants.
Gas transmission system operators in Bulgaria, Greece, Moldova, Romania, and Ukraine have developed a scheme for supplying natural gas from Greece to Ukraine via the Trans-Balkan corridor. In particular, Bulgaria’s Bulgartransgaz EAD, Greece’s DESFA SA, Romania’s Transgaz SA, and Moldova’s VestMoldTransgaz SRL, together with Ukraine’s OGTSU, are jointly offering a route package product for natural gas supplies for the period from June to October 2025, which will facilitate gas transportation from Greece to Ukraine.
To increase the attractiveness of the route, the parties have agreed on a single gas transit tariff with a 25% discount. For the Ukrainian operator, the discount will be 46%.
The operators of the countries participating in the project will hold a single auction to allocate capacity at all points of the Trans-Balkan Corridor along the natural gas transportation route from Greece to Ukraine.
On the fourth Monday of each month, tenders will be held for the sale of capacity for the following calendar month. A single-price auction mechanism will be implemented for capacity allocation.
The proposed transport package can only be used for gas supplies to Ukraine. Previously, gas was not supplied to the country via the Trans-Balkan corridor.
