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Eustream launches ‘open season’ procedure for reverse gas flow to Ukraine
27 May 2014 Flash News
THE COMPANY Eustream has started its open season procedure for the project involving the reverse flow of natural gas from Slovakia to Ukraine, the SITA newswire reported on May 26.
The Slovak gas carrier will in the coming weeks determine the binding interest of market participants in the transport capacity of natural gas to Ukraine via the gas pipeline from Vojany.
"The link between Slovakia and Ukraine will connect the network operators Eustream and Ukrtransgaz through a new interconnection point, Budince, near the existing interconnection point Veľké Kapušany," said Eustream spokesman Vahram Chuguryan. “This link offers new opportunities for gas transport and strengthens cross-border liquidity.”
Companies interested in transport pipeline capacity, through which natural gas will flow from west to east, can submit their requirements until June 23 of this year.
"After the open season is evaluated in terms of received binding offers, the conclusion of contracts will follow for the transport of gas between Eustream and the shippers," said Chuguryan, as quoted by SITA.
Gas from Slovakia to Ukraine will flow through the pipeline, which connects Vojany and Uzhgorod, as laid out in an agreement between the Ukrainian and Slovak governments in late April 2014. The capacity of this connection is about 10 billion cubic metres of gas. Gas could begin flowing to Ukraine in September this year. Eustream will invest about €20 million into the project of reverse gas flow to Ukraine.
Compiled by Michaela Terenzani from press reports.
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