Ukraine may begin gas imports via the Trans-Balkan Corridor.

Ukraine prepares to import gas through the Trans-Balkan Corridor

Former Energy Minister Olha Buslavets reported that in the near future Ukraine may start importing natural gas through the Trans-Balkan Corridor. This will be in addition to supplies from Hungary, Poland, and Slovakia.

'This may 'unlock' the most expensive import route for gas to Ukraine, in case of quick agreement by regulators,' she noted.

The Trans-Balkan Corridor could become an important alternative supply route for gas, especially in light of the cessation of Russian gas transit through the Ukrainian gas transmission system starting in 2025.

Gas imports and reserves in Ukraine

As of last week, Ukraine observed an increase in natural gas imports to 19 million cubic meters per day due to the resumption of imports from Slovakia. This indicates an intensification of efforts to diversify sources of gas supply. Natural gas reserves in Ukrainian underground storage facilities as of the end of the week amounted to 6.4 billion cubic meters, 30% less than in the same period last year. Daily gas consumption has decreased to 25 million cubic meters per day.

The decrease in gas consumption is related to improved weather conditions and seasonal factors, allowing for more active replenishment of reserves before the upcoming heating season.

After reviewing the latest data, it can be concluded that Ukraine continues to actively work on ensuring reliable sources of gas supply, strengthening diversification, and preparing for a possible cessation of transit of Russian gas. It is important to consider not only the volumes of imports but also to maintain a sufficient level of gas reserves to meet the needs of the population and industry.