Ukraine joins the European “Vertical Gas Corridor” and is ready to store 10 billion cubic meters of EU gas.

Operators of the gas transportation systems of Ukraine, Bulgaria, Greece, Romania, Hungary, Slovakia, and Moldova signed a memorandum on the creation of the South-North corridor (Vertical Corridor) during the high-level ministerial meeting of CESEC (The Central and South Eastern Europe Energy Connectivity).

Within the corridor’s framework, synergies will be created between the LNG terminals of Greece, the Trans-Balkan pipeline, Ukrainian underground storage facilities, and consumers in Central Europe.

“By joining the Vertical Corridor, we have taken another step towards implementing our plan to become the gas hub of Europe and an integral part of the energy map of the continent. This agreement will allow the Operator of the Ukrainian Gas Transmission System to annually supply more than seven billion cubic meters of gas through Ukraine from Romania to the countries of Central Europe,” Minister of Energy German Galushchenko emphasized.