Ukrainian traders begin transmitting gas to underground gas storage facilities from Europe through Moldova
Ukrainian customers of gas transmission services, following their foreign colleagues, began importing gas from European countries through Moldova, with further pumping it into underground gas storage facilities.
Gas TSO of Ukraine together with Ukrtransgas continue to provide traders with short haul and customs warehouse services. “We offer our partners cooperation that will strengthen the European energy market and contribute to the further integration of Ukraine,” press service of Gas TSO of Ukraine quotes Pawel Stanczak, Acting General Director.
The essence of the so-called virtual reverse is to optimize the transmission work of GTS operators, in particular, in the presence of demand for cross-border transmission in both directions. In this case, operators carry out physical transmission in only one direction, while gas is transmitted in the other direction using backhaul. Then the fuel is not physically moved across the border, and the parties make mutual offset. This is one of the most progressive commercial methods of the European gas market which, according to GTSOU, has the following advantages:
– saving fuel gas;
– reducing CO2 emissions when burning the resource.
Currently, Ukraine has the opportunity to perform a virtual reverse with all GTS operators of neighbouring European countries and the key prerequisite is the availability of a resource in the system.
As reported by Ukrainian Energy, the government of Moldova at the beginning of this year opened up the possibility for all companies to use the backhaul service at the points of connection with Ukraine. This step unblocked the importation of gas to Ukraine from the south via the Trans-Balkan route.
