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HomeUkraine-Russia crisisUkraine's electricity exports could replace up to 5-6 bcm of Russian gas

Ukraine’s electricity exports could replace up to 5-6 bcm of Russian gas

Ukraine’s electricity could be a direct replacement for Russian gas and by exploiting its full export potential (around 1.5-1.7 gigawatts GW), the European Union could replace up to 5-6 billion cubic metres (bcm) of Russian gas. This was emphasised by the Minister of Energy of Ukraine, Herman Halushchenko after the extraordinary meeting of the European Council.

Furthermore, he underlined that Ukraine’s storage facilities are the biggest in Europe and can already provide 12 bcm of gas to the Member States’ reserves.

Indeed, according to him, all of this was possible thanks to fast and appropriate decisions that allowed Ukraine’s electricity system to be functional and efficient even during the first months of the war.

“One of the most notable solutions adopted was the synchronisation of the Ukrainian energy system with the continental one,” Minister Halushchenko recalled.

And, especially, in light of the decision of the Member States to voluntary reduce their natural gas demand by 15 per cent this winter, the management of the European Network of Electricity Transmission System Operators (ENTSO-E) noted the importance of increasing Ukraine’s electricity exports. However, it must happen gradually, taking into account everything that can help ensure the security if the energy system.

Other than doubling the electricity exports, Ukraine can play a role in the field of renewable energy sources as well, especially biomethane and hydrogen, considering that the country has a significant potential for biomethane production and that the EU has already identified Ukraine as one of the key partners in the development of the hydrogen economy.

 

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