Date: a month ago   Category: Energy

Ukrtransgaz reported about risk of suspension of work of GTS of Ukraine — Rambler News Service


Photo: Valery of Sharifulin/TASS the Gas transmission system (GTS) of Ukraine can suspend work on June 24, 2019 because of deficiency of means at the Ukrtransgaz company, the operator of the gas transmission system, follows from the message of the company. "Due to the deficiency of means Ukrtransgaz has no opportunity in time to pay off under contracts of purchases of gas for own production and technological needs (PTO). The debt of Ukrtransgaz for March-April before suppliers of fuel gas is 4.1 billion hryvnias ($155.2 million are RNS). As a result, some suppliers refuse to report further the gas volumes determined by the existing contracts. Residual volumes of gas on PTO which were purchased under preliminary contracts are enough for ensuring work of GTS only till June 24", - it is said in the statement. The company specifies that it addressed with the corresponding letter on emergence of prerequisites of emergency situation to Public service of emergency situations of Ukraine. Ukrtransgaz explains that the company conducts negotiations for immediate correction of a situation. "The company initiated negotiations with creditors, including NAK Naftogaz Ukrainy, about restructuring of debt. Are informed on a situation the National Security and Defense Council of Ukraine", - it is said in the statement. The company emphasized that during 2018 and 2019 the management of Ukrtransgaz repeatedly informed on the critical condition caused by a number of factors the regulator - NKREKP (The national commission which is carrying out state regulation in spheres of power and utilities). As it is noted in the message, the financial situation of Ukrtransgaz every month is worsened by economically unreasonable temporary tariffs for GTS operator which were accepted by NKREKP at the end of 2018. They, in particular, allow to pay in due time for purchase of gas for PTO of no more than 60% of necessary annual level. Besides, the problem of unauthorized gas offtake from the gas transmission system is not settled that gave the chance to participants of the market during the period from 2016 to February, 2019 to save up more than 35 billion hryvnias ($1.325 billion) of a debt to Ukrtransgaz for balancing services. During March-April, 2019 the debt of operators of gas distribution networks grew by 2.5 billion hryvnias ($94.6 million).

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