This year, Ukrtransgaz plans to spend UAH 1,091.468 million of its own funds on the development of underground gas storage facilities (UGS) according to the gas storage development plan for 2025-2034 approved by the National Energy and Utilities Regulatory Commission (NEURC) on Tuesday.
In particular, according to the company, it is planned 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 the UGS facilities, and UAH 93.679 million for the implementation and development of information technologies.
In total, the plan envisages a total investment in the development of gas storage facilities of UAH 31.040 billion over 10 years.
“The gas storage operator’s development plan is primarily aimed at maintaining reliable, trouble-free operation of the UGS facilities under martial law, as well as at responding quickly and timely to wartime challenges, and restoring the facilities,” said Roman Malyutin, CEO of Ukrtransgaz, at the regulator’s meeting.
The draft resolution of the NEURC “On Approval of the Gas Storage Development Plan for 2025-2034 of the gas storage operator JSC Ukrtransgaz” together with the materials justifying the need for its adoption will be posted on the official website of the regulator www.nerc.gov.ua for suggestions and comments.
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 the 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.
