Business news from Ukraine

UKRAINE CALLS ON GERMANY TO CANCEL EXCEPTIONS IN ITS LEGISLATION FOR SEVPOTOK-1 GAS PIPELINE

27 May , 2022  

The GTS Operator of Ukraine (OGTSU) and NJSC Naftogaz Ukrainy have sent an appeal to the German Ministry of Economy and the BNetzA regulator to suspend the previously granted exemptions in the legislation for the Nord Stream 1 gas pipeline, head of the Ukrainian operator Serhiy Makogon said in a statement. TV on Friday.
He noted that the exceptions granted by JS1 were based on the fact that this gas pipeline would contribute to strengthening the security of gas supplies to Europe, the principles of market competition and the energy solidarity of the continent.
“But we see that Russia completely violates such principles. We know that they created an artificial gas deficit last year, that they unilaterally insist on paying for gas in rubles, that Russia unilaterally suspended gas supplies to Poland, Bulgaria and Finland,” Makogon recalled.
In addition, the Russian Federation seized part of the territories of Ukraine, where gas transportation infrastructure facilities are located.
“Therefore, we see that the grounds on which these exemptions for SP1 were given no longer correspond to reality. We suggest that the German government review these exemptions and actually suspend or significantly limit gas supplies to Europe through SP1,” he said.
According to the head of the OGTSU, if such a decision is made, European consumers will not suffer, since there are enough free capacities for the transit of Russian gas to the EU, incl. through the GTS of Ukraine.
Makogon recalled that it is possible to pump gas through the Sudzha gas measuring station in the amount of 244 million cubic meters. m per day with the current use of this route is about 45 million cubic meters. m.
As reported, in May 2020, the German Federal Grid Agency granted the Nord Stream gas pipeline the opportunity to derogate from the application of the main provisions of the EU Gas Directive. The adopted decision on derogation is valid for 20 years and began its effect retroactively from December 12, 2019.
When reviewing the application, the regulator noted that the gas pipeline contributed to the security of supply and did not harm competition in the European internal gas market.
Trans-Baltic gas pipeline with a length of 1224 km with a capacity of 55 billion cubic meters. m per year was introduced in November 2011.

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