Policy & Regulation

Ukraine’s new storage regime attracts foreign suppliers

At least 16 foreign suppliers have stored gas in Ukraine’s facilities since it set up its tax-free ‘customs warehouse’ system earlier this year At least 16 foreign suppliers have stored gas in Ukraine’s facilities since it set up its tax-free ‘customs warehouse’ system earlier this year.
By Silvia Favasuli 24 November 2017 0 28538
Gas infrastructure in Ukraine. (JKX)

A new ‘customs warehouse’ regime for gas storage facilities introduced by Ukraine in April this year is proving successful in attracting foreign suppliers and traders to the country.  

The customs warehouse system allows companies to transport gas into Ukraine without paying the 20% import VAT and customs duties. Companies can store gas in this way for 1,095 days instead of the 31 days specified under previous regulations.

The country introduced the measure to attract foreign players and to boost the liquidity and transparency of its market. No...