Secretariat releases a Ukraine Energy Market Observatory Note on gas storage dynamics of Ukraine

The Energy Community Secretariat has released a Market Observatory note today focusing on the compliance assessment of the draft amendments to the Gas Storage Code published by the national regulatory authority (NEURC) of Ukraine for public consultations. 

The Secretariat considers that the drafted amendments to the Gas Storage Code are compliant with the Gas Regulation provisions related to third party access, capacity allocation, congestion management and trading rights. They aim at broadening the scope of the storage products designed according to the system users’ needs. The Secretariat provides further recommendations related to transparency, energy units, and allocation of released capacity, to be taken into account before the amendments adoption

The Secretariat commends this initiative undertaken by NEURC, in close cooperation with Ukraine’s storage system operator, Ukrtransgaz, to modernise the Gas Storage Code to promote and facilitate efficient utilization of storage capacities.