Slovak gas transporting company Eustream reported on the successful conclusion of the Open Season procedure – a call for applications to supply gas to Ukraine though Slovakia in the reverse mode. As a result, over two dozen European suppliers, including EU’s largest gas traders, turned in their proposals. The Open Season was carried out under the Memorandum of Understanding signed on April 28, 2014 by PJSC Ukrtransgas of Ukraine and Eustream A.S. of Slovakia.

“Rich results of the Open Season procedure confirm that the reverse gas supply from the EU to Ukraine is a commercially attractive and legally impeccable business. The vast Ukrainian market is of high interest to the European businesses,” commented Andriy Kobolev, CEO of NJSC Naftogaz Ukraine. “It is beyond a doubt that together with Voyany-Uzhgorod pipeline, Slovak capacities to transport gas to Ukraine will also employ one of the four main gas pipelines, which are currently not used to the full extent, at the Velke Kapusany hub,” he added.

The new interconnect point in Budnice at the Voyany-Uzhgorod pipeline will become part of the Slovak gas transporting system, according to Eustream. Market players will be offered to use the transit capacity of this pipeline section on non-discriminatory terms.

About Naftogaz

Naftogaz of Ukraine is a vertically integrated oil and gas company engaged in full cycle of operations in gas and oil field exploration and development, production and exploratory drilling, gas and oil transport and storage, supply of natural gas and LPG to consumers. Over 90% of the oil and gas in Ukraine is produced by the enterprises of the Company.