Regional gas companies continue to increase debt to the GTS Operator

The Ukrainian gas transmission system operator reported that as of October 18, the total debt of regional gas companies for their production and technological losses is UAH 10.9 billion, of which UAH 7.7 billion is the debt of regional gas companies of the RGC group.

In September 2021, operators of gas distribution networks (regional, city gas companies) took natural gas from the main gas pipelines worth more than UAH 2.6 billion. Of these, gas for UAH 1.9 billion was taken away by the operators of the gas distribution stations, which are part of the RGC group.

Besides, Donetskoblgaz took away gas for UAH 201.2 million, and Cherkasygaz – for UAH 172.9 million.

“This is not the first time that regional gas companies have taken gas of significant amounts. Debt was formed similarly in February-March 2021, but we must pay attention that now the cost of an unbalanced cubic meter of gas is higher than it was six months ago. We urge market participants to be attentive to forecasting their needs and not to worsen either their financial condition or the financial situation of the GTS Operator before the heating season,” GTSOU General Director Serhii Makohon said.

During 2020-2021, GTSOU filed about 50 claims for debt collection for the settlement of daily negative imbalances totalling more than UAH 9 billion.

In addition, the company expects an urgent implementation of the distribution accounts mechanism for regional gas companies, which will automatically transfer funds to pay for gas to the GTS Operator.

To recap, Gazprom refused to book additional capacities of GTSOU for November.

As reported, since the beginning of the year, gas transit through Ukraine has significantly decreased.

Tags: Naftogaz, court, debt, heating season, Gas market, облгаз, GTS Operator, price, Makohon, OGTSU, natural gas, gas imbalances

Read also

GE to produce zero waste wind turbine blades by 2030, company says
Nissan plans UK solar farm big enough to build every Leaf sold in Europe
Ukraine could get €200 million to renew public transport