Ukraine refuses to import gas and is preparing for zero transit.

As a memorandum with the IMF states, “Limited domestic consumption and growing domestic production limited the need for gas imports during the last heating season. For the next heating season of 2024/25, authorities do not plan additional gas imports for domestic consumption, due to Naftogaz’s expansion of production capacity”.

At the same time, it is noted that Ukraine will be able to receive three billion cubic meters of additional gas for storage by non-residents for the needs of EU countries.

“The updated strategies of the GTS Operator of Ukraine (OGTSU ) and the gas transport industry appropriately reflect the new operating environment and are designed to optimize the system’s size and identify alternative sources of gas supply,” the document says.

This will be crucial for the OGTSU in terms of financial and operational preparation for the zero-transit scenario when the current contract for the transit of Russian gas expires at the end of 2024.