How to improve EU-Ukraine energy cooperation in 2021
UkraineAlert
by
Olga Bielkova
A pressure gauge is seen at an underground gas storage facility in the village of Mryn near Kyiv. (REUTERS/Gleb Garanich)
Almost exactly one year ago, Ukraine launched independent gas transportation company GTSOU and concluded a five-year transit contract with Russia. Servicing the domestic market remains the foundation of GTSOU’s business, but our commercial viability comes from international activities, which account for 80% of GTSOU’s revenue.
As we evaluate business priorities for the years ahead, it is clear that GTSOU must find a way to grow or maintain the current level of transit while increasing the range of services we offer to our international partners and introducing new technologies that will future-proof our infrastructure in light of the de-carbonization agenda.