Business news from Ukraine

RGK TRADING SIGNS AGREEMENT WITH EUSTREAM ON ACCESS TO SLOVAK GTS FOR GAS IMPORTS TO UKRAINE

1 August , 2017  

KYIV. Aug 1 (Interfax-Ukraine) – RGK Trading company on June 21 signed an agreement with Eustream on access to Slovak gas transportation capacities to import gas from EU countries to Ukraine, the company’s press service has reported.
“The agreement gives RGK Trading the right to use the capacity of the Slovak gas transportation system (GTS) for gas imports from the EU countries to Ukraine. The framework contract with the operator of the Slovak GTS provides RGK Trading with direct access not only to the natural gas market of Slovakia but also neighboring countries: this is the Czech Republic (the NCG hub zone), Austria, and Hungary (the CEGH zone),” the report said.
RGK Trading added within the strategy of diversification of supplies in May-June trial purchases of gas in Europe have already taken place (the volume of test batches is about 6 million cubic meters).
“In accordance with the contract with Eustream, RGK Trading has been allowed to participate in auctions on which Eustream puts the free transport capacity of its GTS. And it is possible to buy out free capacity for a period of a day, a month, a quarter or a year at such auctions. The starting price of capacity depends on the period and volume: the longer the period and the greater the amount of capacity put up for bidding, the cheaper is the transit of a cubic meter of gas,” the press service said.