For the first time in the history of Ukrtransgaz, the contract will be implemented by companies not linked with the Ukrainian state-owned, Naftogaz. Gas will be delivered by PGNiG to its Ukrainian partner, ERU Trading, which is owned by the US company, ERU Corporation. The delivered gas will be utilised by Ukrtransgaz for its own purposes of storage and system operations.
“We successfully launched gas exports to Ukraine last year. We keep analysing further opportunities of natural gas sales in the opening Ukrainian market. It has been developing rapidly thanks to the implementation of European regulations and standards,” said Maciej Wozniak, Trade Vice President of PGNiG SA. “ERU Trading’s win in the tender for one of the instalments of gas delivery to Ukrtransgaz proves that PGNiG’s purchase conditions are indeed very competitive. Good co-operation results with our Ukrainian partner ERU Trading provide us with an optimistic outlook into the future of PGNiG’s ongoing sales growth in Ukraine,” he added.
“ERU has been active in Ukraine for the past three years and our success with this week’s Uktransgas tender is yet another major milestone. This step is significant for the market and for the gas suppliers,” stated Dale Perry, President of ERU Corporation. Dale also added: “this past week has been very active for ERU, starting with the signing of a US$38 million insurance contract with the US Government’s OPIC, which provides contractual assurances during the delivery and storage of these large volumes of gas. Over the past year ERU has worked closely with PGNiG and today’s announcement is further evidence of the positive results achieved through our co-operative efforts.
The tender took place on an electronic purchasing platform, allowing participants and third parties to monitor the value of bids in real time, thus providing transparency and equal conditions for all tender participants.
Read the article online at: https://www.worldpipelines.com/business-news/25042017/pgnig-and-eru-trading-contracted-for-gas-transmission-to-ukrtransgaz/