Business news from Ukraine

UKRAINE HAS SUFFICIENT GAS AND COAL TO PASS HEATING SEASON WITHOUT RUSSIAN TRANSIT

Ukraine has accumulated significant reserves of natural gas in its underground gas storage facilities and coal in the warehouses of thermal power plants, which will allow passing this winter even in case of interruption in gas transit from January 1, 2020, Minister of Energy and Environment Protection of Ukraine Oleksiy Orzhel has said.
“This means that Ukraine this winter, even without transit, will not be cold,” he said on the air of ICTV Channel.
According to him, traditionally the greatest risks may arise in February-March, when stocks in underground gas storages become smaller. At the same time, stress tests conducted by the GTS operator indicate that even on the peak days of maximum consumption, the country will be able to satisfy the gas demand of Ukrainian consumers.
Orzhel also said that the government is developing mechanisms to prevent a sharp increase in gas prices in winter for consumers in the country.
As reported, as of November 16, 2019 Ukraine has 21.530 billion cubic meters in underground gas storage facilities, which exceeds the November 16, 2018 reserves by 27.1%, those on November 16, 2017 by 29.3%, and November 16, 2016 by 52.5%.
Coal reserves in the warehouses of thermal power plants of energy generating companies of Ukraine amount to 2.243 million tonnes, which is 33.6% more than last year’s reserves.

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UKRAINE, EU, RUSSIA HOLD CONSULTATIONS ABOUT GAS TRANSIT TALKS

Ukraine, the European Commission and the Russian Federation held technical consultations in Brussels on Tuesday to prepare for the next round of trilateral talks on gas transit after January 1, 2020.
NJSC Naftogaz Ukrainy said in a press release that during the consultations the parties discussed Ukraine’s progress in the implementation of the norms of the European legislation and the creation of independent gas transmission system operator.
In addition, the signing of an interconnection agreement between the operators of the gas transmission systems of Ukraine and the Russian Federation on standard European conditions was discussed, as well as the methodology of tariff formation for gas transportation, and other issues.
The next round of trilateral gas transit negotiations is expected to take place on October 28.

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STATE-RUN UKRZALIZNYTSIA WILL PROVIDE TRANSIT FOR TRAINS THROUGH UKRAINE FROM CHINA TO SLOVAKIA

JSC Ukrzaliznytsia (Kyiv) will provide regular routes of the Metrans transit train in the territory of Ukraine from China to Slovakia. According to the press service of the company, the first container train from the Chinese city of Xi’an to the Slovak city of Dunajska Streda ran through Ukraine on September 27-29. It is formed of 44 forty-foot containers.
It is preliminarily planned that four pairs of container trains will run from China to Slovakia every month. In October 2019 it is planned to send two trains.
Ukrzaliznytsia notes that Metrans reoriented freight traffic along this route from the Polish territory to Ukraine as the route through Ukraine is shorter by 520 km, which saves the sender’s funds.
As reported, in 2018 Ukrzaliznytsia transported 334,963 containers in twenty-foot equivalent (TEU), which is 13% more than in 2017 (295,479 TEU).

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UKRAINE RAISES GAS TRANSIT

Ukraine in January-August 2019 increased transit of natural gas through its gas transportation system (GTS) by 2.3% compared to the same period in 2018, to 59.553 billion cubic meters, according to recent data of JSC Ukrtransgaz.
According to the calculations of the Interfax-Ukraine agency, gas transit through the country to Europe for the eight months amounted to 57.705 billion cubic meters (2.4% more compared to January-August 2018), to Moldova some 1.848 billion cubic meters (0.4% less).
In August 2019, gas transit decreased by 12.5% compared to the same month of 2018, to 6.362 billion cubic meters. In particular, gas transit through Ukraine to Europe amounted to 6.194 billion cubic meters (12.9% less), to Moldova some 168.8 million cubic meters (up by 4%).

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UKRAINE BOOSTS GAS TRANSIT 4.4% IN SEVEN MONTHS

Oil transit via Ukraine to Europe grew 4.4% year-on-year in January-July 2019, to 53.191 billion tonnes, according to preliminary data from Ukrtransgaz.
According to calculations made by Interfax-Ukraine, transit of gas to Europe totaled 51.512 billion cubic meters (an increase of 4.6%), and transit to Moldova came to 1.679 billion cubic meters (down by 0.8%).
In July, gas transit decreased 4.1%, to 8.112 bcm. Transit to Europe fell by 4.3%, to 7.948 billion cubic meters and to Moldova rose by 8%, to 163.9 mcm.
In 2018, gas transit decreased by 7.1%, to 86.779 bcm. Transit to Europe fell 7.6% to 83.839 billion cubic meters; transit to Moldova rose 8.6% to 2.94 bcm.

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RESTORING NAVIGATION ON PRYPIAT RIVER WILL REVEAL TRANSIT POTENTIAL OF UKRAINE IN CORRIDOR BALTIC SEA – BLACK SEA

The restoration of navigation on the Prypiat River will make it possible to reveal the transit potential of Ukraine through the development of a river transport corridor from the Baltic Sea to the Black Sea, Head of the Ukrainian Sea Ports Authority Raivis Veckagans has said in an interview with Interfax-Ukraine.
“At the initiative of the Ministry of Transport and Communications of the Republic of Belarus, and also with the support of the European Bank for Reconstruction and Development, Royal Haskoning DHV in May of this year completed a survey of navigable hydraulic structures of the E-40 waterway, connecting the Baltic Sea and the Black Sea through the Wisla River, the Zakhidny Bug (the Western Bug), the Prypiat River and the Dnipro River, in the territory of Belarus. In the near future, a working group with the participation of specialists from the Ukrainian Sea Ports Authority, the Dredging Fleet branch of the authority, and the State Hydrographic Service will conduct similar work on the Ukrainian stretch of the Prypiat and Dnipro rivers,” he said.

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