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2017-12-04 23:05:00

UKRAINE'S GAS INVESTMENT UP TO 46%

UKRAINE'S GAS INVESTMENT UP TO 46%

УКРТРАНСГАЗ - According to Ukrtransgaz' performance results in the first nine months of 2017, capital investments in Ukraine's gas transmission facilities increased by 46% or UAH 486 million compared to the same period of 2016, Ukrtransgaz public and media relations department reports.

In the first three quarters of 2017, Ukrtransgaz invested UAH 3.1 billion in the modernization and maintenance of Ukraine's GTS, including UAH 1540 million under the capital investment plan, UAH 789 million within the repair and maintenance program and UAH 743 million within the procurement program.

The works performed in July-September 2017 (Q3) under the capital investment plan made up UAH 350 million. The most expensive capital investment projects in this period included the following: the reconstruction of the fuel, start and impulse gas treatment unit of Bilche-Volytsia booster compressor station (Lviv region); the overhaul of a 27 km section of Urengoy-Pomary-Uzhhorod trunk transit pipeline; the reconstruction of the gas dehydration unit and the process automation at Chervonopartyzanske underground storage facility in Chernihiv region; and the reconstruction of the electricity supply system of the gas air cooler at Uzhhorod compressor station. Ukrtransgaz also overhauled gas flow meters at a number of gas distribution stations across the system.

The significant increase in funding of the GTS modernization and maintenance over the past two years ensures the secure use of Ukrtransgaz' gas transmission infrastructure over following decades as well as uninterrupted gas transmission to both European and Ukrainian consumers.

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Earlier:

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2017, October, 4, 23:35:00

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 RUSSIAN GAS FOR EUROPE: UP TO 23%
2017, September, 4, 12:30:00

RUSSIAN GAS FOR EUROPE: UP TO 23%

Russian natural gas volumes piped via Ukraine to European consumers are up by 23.4 percent so far this year at 61.9 billion cubic metres (bcm), Ukrainian gas transport monopoly Ukrtransgaz said.

 

 RUSSIAN - UKRAINIAN OIL TRANSIT: UP 42%
2017, April, 10, 18:40:00

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Ukraine's transit of Russian oil for exports to Europe in March rose 42% year on year to 1.25 million mt, state oil shipper UkrTransNafta said

 

 UKRAINE'S SERIOUS SHORTCOMINGS
2017, April, 7, 18:30:00

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 IMF: UKRAINE'S CORRUPTION
2017, April, 5, 18:35:00

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Directors welcomed the creation of new anticorruption institutions, but strongly urged the authorities to strengthen these institutions further and to establish an independent anticorruption court to achieve concrete results, in order to support the reform program, attract investment, and achieve faster growth.

 

 UKRAINE PAYS MORE
2017, March, 6, 18:40:00

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Ukrainian state monopoly supplier Naftogaz Ukrainy has issued letters of credit under the loan agreement with Citi and Deutsche Bank secured by the World Bank. They total €220mn ($231mn) and will be used this month to buy gas from European suppliers selected through the World Bank’s auctions, it said March 1. It is planned to buy up to 1.1bn m³, with payment due in April upon completion of the relevant gas deliveries to Ukraine.

Tags: UKRAINE, GAS, INVESTMENT

Chronicle:

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