The operator of the Gas Transportation System of Ukraine will become an electricity producer.

Thursday, August 10, 2023
The operator of the Gas Transportation System of Ukraine will become an electricity producer.

The Ukrainian Parliament adopted a law that optimizes the ownership structure of the GTSU Operator. This step will make it possible to change the profile of some compressor stations to gas power stations, said former general director of the company Serhii Makogon.

“This amendment will allow the OGTSU to repurpose a part of its compressor stations, which are no longer used for transit, into gas-fired power stations that can produce electricity and balance the power system,” Makogon explained.

According to the approved amendment, OGTSU has the right to obtain a license to produce electricity and become a producer of electricity from natural gas at electrical installations until January 1, 2027.

Support independent journalism team

Dear Ukraine Business News reader, we are a team of 20 Ukrainian journalists, researchers, reporters and editors who would humbly ask for your support.

Previous post
European gas prices jumped to a two-week high on concerns about LNG supplies.

European gas prices jumped to a two-week high on concerns about LNG supplies.

Next post
Ukraine has taken another step toward European customs integration and increasing exports and imports from the EU.

Ukraine has taken another step toward European customs integration and increasing exports and imports from the EU.

Previous Main Topics