Export/Import of European Gas to Ukrainian GSF Will Be Free

by Meifan Honcharuk
Sunday, October 22, 2023
1 MIN
Export/Import of European Gas to Ukrainian GSF Will Be Free

Moldova has decided to transport gas free of charge to Ukrainian gas storage facilities to reduce the cost of gas for consumers during the heating season

27 European countries and more than 1.100 foreign private companies store their gas in Ukrainian underground gas storage facilities. The number of participants in this market has increased several times after the full-scale Russian attack on Ukraine. Today, transporting gas from EU countries to Ukraine costs on average $60-70 per 1.000 m³. Gas is delivered through the Trans-Balkan and Iasi-Chisinau gas pipelines in Moldova. Moldova decided to make the transfer free to reduce the cost of transporting gas to Ukraine and back.

Average daily gas consumption in the autumn-winter period is 800-900 million m³, and Moldova's decision on a free transfer will reduce the cost of gas for the end consumer.

Since Moldovan Transnistria is under Russian occupation and the neighbouring country is in a full-scale and brutal war with Russia, Moldova is under martial law. After the approval of the gas Commission's decision on free gas transportation, Ukraine will export an average of 17 million m³ of gas daily through the Trans-Balkan and Iasi-Chisinau gas channels.

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