Naftogaz is ready to start working within AggregateEU

According to Ukrinform, Naftogaz Group CEO eks Chernyshov stated this during his speech to the EU Energy Platform's board, Naftogaz reports.

"Naftogaz has registered with the AggregateEU joint gas procurement platform and is ready for the first stage of its eration," the statement said.

It is noted that the AggregateEU platform was launched today, April 25, 2023.

During his speech, Chernyshov addressed the participants of the Eurean gas market with a prosal to use the capacities of Ukrainian underground gas storage facilities (UGS) to store natural gas purchased under the AggregateEU platform.

"Ukrtransgaz, the UGS erator, has successfully passed certification and confirmed its right to carry out gas storage activities in accordance with the updated rules in the Eurean Union and the Energy Community. Naftogaz can make Ukraine a "power bank" of Eure and looks forward to fruitful coeration," Chernyshov said.

Read also: Ukrainian underground storage facilities contain over 9 bcm of gas – Galushchenko

EU Energy Platform’s representatives emphasized that Naftogaz Group's participation in the platform is a "triple win". In addition to providing extra "insurance" for Ukraine’s next heating season, it also ens the possibility for platform members to store gas in Ukrainian underground storage facilities. Traders erating within the platform will also be able to pump gas into Ukrainian underground storage facilities and store it until new participants arrive.

As reported, Ukraine’s Energy Ministry is interested in the active participation of gas companies in the demand aggregation and joint procurement mechanism (AggregateEU). It was created by the Eurean Commission as part of the EU Energy Platform.