While Europe traditionally perceived Ukraine as natural gas transit country, now it is right time to take a fresh look. At 42.6 billion cubic meters (BCM) in 2014, the country's gas market ranks 4th in Europe, after Germany's (86.2), UK's (78.7) and Italy's (68.7). It should attract greater interest among Europe's gas traders because it is the last large market in Europe that is truly open to them to conquer.
At a conference with European gas traders held last month in Kyiv , Ukraine's gas system operator Naftogaz called for greater competition on the domestic market and diversity of supply. The Ukrainian government has taken steps to show its commitment to reforms. In the gas sector, new Law on the Gas Market was passed, which calls for Ukraine's gas transportation system to be operated in a way consistent with Europe's 3rd Energy Package. This entails removing the subsidies on domestic gas consumers, giving third parties regulated access to the gas market, moving towards an entry/exit tariff structure for transportation and storage.
Europe's gas traders began supplying natural gas to Ukraine in February 2013, when RWE started pumping gas to Ukraine from Poland and Hungary. It was followed by GDF Suez, E.ON Energy Sales, Trailstone, and Advance Trading, and in 2015 - by Royal Dutch Shell and Statoil. In Q1 2015, Ukraine was able to import 5.8 BCM from Europe. Read more at http://www.naturalgaseurope.com
At a conference with European gas traders held last month in Kyiv , Ukraine's gas system operator Naftogaz called for greater competition on the domestic market and diversity of supply. The Ukrainian government has taken steps to show its commitment to reforms. In the gas sector, new Law on the Gas Market was passed, which calls for Ukraine's gas transportation system to be operated in a way consistent with Europe's 3rd Energy Package. This entails removing the subsidies on domestic gas consumers, giving third parties regulated access to the gas market, moving towards an entry/exit tariff structure for transportation and storage.
Europe's gas traders began supplying natural gas to Ukraine in February 2013, when RWE started pumping gas to Ukraine from Poland and Hungary. It was followed by GDF Suez, E.ON Energy Sales, Trailstone, and Advance Trading, and in 2015 - by Royal Dutch Shell and Statoil. In Q1 2015, Ukraine was able to import 5.8 BCM from Europe. Read more at http://www.naturalgaseurope.com
