Mandatory safety stock for 2020 canceled for natural gas suppliers

At a meeting of the Government, a resolution was adopted "On approving the size of the reserve stock of natural gas for 2020", which provides for the establishment of a safety stock for natural gas suppliers at the level of 0 percent of the planned monthly supply to consumers for the next month, the press service of the Ministry of Energy reports.

“The adoption of the resolution will help reduce the financial burden on natural gas suppliers, which, in turn, will lead to the normal functioning of the free natural gas market. At the same time, this will allow suppliers to use funds to purchase additional natural gas resources to meet the demand of domestic consumers,” the statement says.

 As a reminder, the Ukrainian underground storage facilities store 23.3 billion cubic meters of gas.

Tags: The Cabinet of Ministers, gas, Naftogaz, hydrocarbon production, legislation, The Minystry of Energy and Coal Mining, energy market, UGSF, gas production, GTS, heating season, Gas market, draft law, price, volumes, infrastructure, energy sector, population, energy security, economy, market, gas production, gas transmission system, supplier, consumers

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