Ukraine's electricity will help the EU to replace 17% of russian gas exports – the Ministry of Energy

It was reported that Ukraine has submitted its proposals to the REpowerEU strategy, which envisage practical steps to use the export capacity of the Ukrainian energy system.

Source. This was reported by the Ministry of Energy of Ukraine with reference to Deputy Minister of Energy Mykola Kolisnyk.

Details. According to the report, Ukraine remains a reliable partner of Europe in the energy sector and is ready to make a significant contribution to the security of natural gas supply to European countries. In particular, thanks to powerful underground storage facilities of 31 billion cubic meters, Ukraine is ready to offer about half of these facilities to European companies for seasonal or strategic gas reserves.

Ukraine can also help European countries to get rid of their dependence on russian energy by exporting electricity.

“According to our estimates, electricity from Ukraine can replace about 17% of russian gas exported to the EU,” Mykola Kolisnyk said during a speech at the 25th Gazterm-2022 conference on May 16-17 in Poland.

It is noted that the event is dedicated to strengthening regional cooperation in the energy sector in response to the challenges posed by rapid global changes.

Quote. “Energy has become one of the front lines of russia's war not only against Ukraine. russian oil, gas and nuclear fuel are weapons that the kremlin uses against the entire free world. The rejection of European business from russian energy is already a pragmatic commercial decision, as russia has ceased to be a reliable and predictable partner long ago. At the same time, for Europe, independence from russian energy resources is first and foremost a security issue,” Kolisnyk said.

The Deputy Minister added that decisive action is now needed from the side of European governments to completely abandon russian energy resources.

“The new REpowerEU is aimed to provide clear solutions in three aspects: how to replace russian energy, how to end russian control over energy assets in Europe and how to ensure that this situation does not happen again,” Mykola Kolisnyk emphasized.

Previously. Due to restrictive measures, the supply of electricity from russia to Finland was stopped.