DTEK intends to resume gas exports from Ukraine's commercial reserves
The company's director says that the commercial segment currently consumes significantly less gas than it produces, thus there is a "large balance that is idle"
Ukraine has the commercial gas reserves to start partial exports, but it needs to create transparent and effective rules for its sale.
This was stated by Dmytro Sakharuk, DTEK Executive Director, Ukrinform reports.
"We believe that we have the conditions to partially resume gas exports. But the issue here is not the export itself, but the transparent rules of sale. There should be a stock exchange, where both exporters and importers, Ukrainian producers and Ukrainian traders could sell, so that the price is formed transparently," Sakharuk said.
He explained that the commercial segment consumed much less gas than it produced, and thus "there is a large balance of gas that is idle".
"These are frozen funds, and consequently, companies cannot resume or continue drilling and producing gas where they were producing before the war," Sakharuk said.
According to him, DTEK has reserves for gas exports, which can be used to invest in well development.
"Our company currently has almost 1 billion cubic metres of unsold gas in storage. This is, in fact, funds that we could use for investment activities, in particular, for drilling new wells," added Sakharuk.
If you have read this article to the end, we hope that means it was useful for you.
We work to ensure that our journalistic and analytical work is of high quality, and we strive to perform it as competently as possible. This also requires financial independence. Support us for only UAH 196 per month.
Become a Mind subscriber for just USD 5 per month and support the development of independent business journalism!
You can unsubscribe at any time in your LIQPAY account or by sending us an email: [email protected]
