Interfax-Ukraine
17:30 26.03.2014

DTEK ready to resume gas imports from Europe if it is economically efficient

2 min read

Ukraine's largest private vertically integrated energy holding, DTEK, is ready to resume gas imports from Europe, while the volume will be determined by its economic efficiency and technical capabilities, the press service of the holding has told Interfax-Ukraine.

"DTEK is ready to increase the production of coal, gas and electricity, and resume gas imports from the EU to enhance the energy security of Ukraine. The holding signed framework agreements for the supply of natural gas from Europe, and specific transactions are recorded in individual contracts. The import volume will depend on the economic viability and technical capability," the press service said.

DTEK noted that now two directions of gas supplies from the EU are open to Ukraine: via Hungary with a capacity of up to 9.7 million cubic meters of gas per day, and through Poland with a capacity of up to 4 million cubic meters per day.

The press service added that, thanks to the investment made, the holding's gas combined heat and power plants are highly efficient and economical.

As reported, in 2013 DTEK imported 628.3 million cubic meters of gas from the EU to Ukraine. However after the reduction of the gas price under the contract between Gazprom and Naftogaz, deliveries from Europe were suspended.

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