Automatically translated version. May contain inaccuracies compared to the original.
The Cabinet of Ministers of Ukraine has again been considering the possibility of partially opening exports of domestically produced natural gas amid a growing gap between domestic and European prices. This was reported by the industry portal ExPro, citing market sources.
According to the portal, in early September the government suspended consideration of this issue and planned to return to it in the spring of 2027. However, the market situation changed, and by mid-September gas in Ukraine was trading at roughly 2,5 times cheaper than in Europe. At the same time, domestic consumption decreased, and the volume of gas in Ukraine’s underground storage facilities exceeded the official target for the heating season.
Market participants say that a partial resumption of exports could provide gas producers with additional foreign currency revenue.
“A partial resumption of exports of domestically produced gas could help producing companies obtain additional funds necessary, among other things, to restore facilities damaged by Russian strikes, as well as to protect gas production assets,” ExPro reported, citing market participants.
The article notes that a full reopening of exports was not being discussed at this time.
Earlier, the government had considered allowing the sale abroad of up to 15% of domestically produced gas. ExPro estimated this could amount to roughly 250–260 million m³ per month.
The gas was planned to be sold through special auctions on the “Ukrainian Energy Exchange.” If an energy security threat arose, exports could be stopped quickly.
The portal emphasizes that there is no official Cabinet decision to resume exports, so the export of Ukrainian gas remains prohibited.
According to ExPro, Ukraine reached the official preheating-season storage fill target of 14,6 billion m³ at the end of August. Injection continued in September, and by mid-month stocks in underground gas storage (UGS) reached 15,25 billion m³. ExPro noted that, according to the government’s estimates, this volume is sufficient to get through the heating season.
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