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Speaker 1: Gavin Galashenko, Ukraine's energy minister, joins us now. He joins

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Speaker 1: us from Seattle. He's at the net zero initiative, the

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Speaker 1: minister's meeting that is taking place there. Minister, thank you

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Speaker 1: very much indeed for your time. Over the last few days,

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Speaker 1: we have seen a lot of volatility in European gas prices.

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Speaker 1: There's serious concern about what is happening in Australia, but

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Speaker 1: there's a growing expectation that maybe this volatility could continue

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Speaker 1: into winter. Minister, how much storage is currently being used

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Speaker 1: by European governments, by European energy traders? How much of

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Speaker 1: the storage that you have is currently being used by

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Speaker 1: these governments and energy storage and energy traders. Can you

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Speaker 1: give us a number? At the moment? What should we

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Speaker 1: be seeing?

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Speaker 2: Hello? Yah?

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Speaker 3: In fact, that is very important point, the possibility to

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Speaker 3: store guests in Ukraine. So we have the biggest storages

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Speaker 3: in Europe, that is more than som of storages here

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Speaker 3: in Ukraine.

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Speaker 2: And what we see the trend of the.

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Speaker 3: Previous months is that the European companies start storing gas

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Speaker 3: in Ukraine even despite the world and that is a

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Speaker 3: good sign for us, and that is a good sign

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Speaker 3: for Europe also, So today we could say that already

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Speaker 3: something around six hundred millions of gas stored in Ukraine,

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Speaker 3: which is gas of European companies, and that is also

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Speaker 3: important for the security of supply in Europe due to

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Speaker 3: the level of storages in European in Europe now because

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Speaker 3: it's it's very high.

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Speaker 2: So I think that that is a good.

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Speaker 3: Solution for the business and that is a good solution

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Speaker 3: for European security.

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Speaker 4: Do you expect more coming, Minister from Europe?

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Speaker 2: Yeah, we expect more coming.

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Speaker 3: So I can tell you that we expect average something

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Speaker 3: around from fifty five hundred to six hundred per months,

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Speaker 3: so and we could offer we could offer our our storages.

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Speaker 3: We need fifteen pcm for Ukraine for the next season,

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Speaker 3: and so fifteen percm is open for storing in Ukraine.

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Speaker 1: Can we talk about what you expect to happen this winter, Minister,

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Speaker 1: both in terms of the situation in Ukraine and what

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Speaker 1: you think the energy situation is likely to look like

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Speaker 1: in Europe.

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Speaker 2: I think that that's very important.

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Speaker 3: I mean, when we are talking about the guests, there

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Speaker 3: is very very important instruments which already started in European Union,

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Speaker 3: that is the joint purchasing platform, which would allow not

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Speaker 3: to speculate the crisis and manipulate the crisis. And I

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Speaker 3: think that that is a very important decision concerning the

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Speaker 3: Ukraine energy system. Of course, we are preparing for another

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Speaker 3: hot winter. So and I just recall you that the

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Speaker 3: previous winter we were living under everyday massive attacks on

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Speaker 3: the energy infrastructure from Russia.

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Speaker 2: So it started from.

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Speaker 3: The tenth of October and the last massive attacks one

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Speaker 3: was on the ninth of March.

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Speaker 2: So and it was every every day by all kinds

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Speaker 2: of weapons.

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Speaker 3: So now we are preparing for the next winter, and

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Speaker 3: we are not expected they wouldn't shell our energy system.

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Speaker 4: What alternatives do you have though? If some of your

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Speaker 4: power lines are seriously damaged, do you have to import

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Speaker 4: other energy for your own use?

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Speaker 3: That's a very important option for us, so and I

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Speaker 3: can tell you that that the options which we use

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Speaker 3: the previous winter. So that is the possibility to import

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Speaker 3: electricity from European Union. So we were connected to the

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Speaker 3: European greed twenty one day after the beginning of the

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Speaker 3: full scale invasion. And now we have this possibility to

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Speaker 3: import actricity.

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Speaker 2: From Europe.

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Speaker 1: In terms of what you've been able to manage this summer.

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Speaker 1: To what extent have you been able to build up

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Speaker 1: reserves of key equipment, transformers, etc. That will help you

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Speaker 1: deal with the situation as it progress is this winter.

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Speaker 3: That's what we're we are working on right now and

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Speaker 3: we were working before. That's a very important point because

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Speaker 3: we need this reserve not only equipment to repair and

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Speaker 3: to substitute the destruction of the system, we also need

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Speaker 3: to increase the reserves. And here I can I mentioned

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Speaker 3: that we have and constant assistance and from our partners,

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Speaker 3: and that is supply of all kinds of equipment in kind,

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Speaker 3: and that is also the donation of the money to

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Speaker 3: Energy Support Plant of Ukraine which allowed us to buy

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Speaker 3: the necessary equipment.

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Speaker 4: Minister, could you tell me what conversations you have also

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Speaker 4: with the US on energy. Obviously, when there are issues

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Speaker 4: in the Black Sea, particularly when it comes to oil vessels,

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Speaker 4: you see a price spike and the US doesn't really

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Speaker 4: have a lot of options when it comes to deflating

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Speaker 4: an oil price spike. Are there conversations that happen?

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Speaker 3: Of course, we are in constant consultation with US with

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Speaker 3: due and with all all our partners, and I can

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Speaker 3: tell you that, of course we are monitoring the situation

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Speaker 3: very closely and so we are preparing and we are

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Speaker 3: discussing different solutions.

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Speaker 1: Okay, let's just talk about what's happening with with your

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Speaker 1: nuclear facility ZAPPARATIONIA Minister, can you just start date me

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Speaker 1: on what the latest is. This is the big fear

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Speaker 1: that we all continue to have that something goes wrong

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Speaker 1: zapparationer maybe one of the other facilities as well. What

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Speaker 1: is the situation as you understand it currently?

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Speaker 3: I can tell you that the situation become worse and worse,

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Speaker 3: and that is not only normally our opinion, that.

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Speaker 2: Is what is confirmed by AI a X person on

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Speaker 2: the greed.

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Speaker 3: And so today they they stop the the forced reactor,

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Speaker 3: they start to move force reactor to the cool region.

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Speaker 3: But because of the equipment problem, and that is the

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Speaker 3: first signal that there is a destruction of the equipment

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Speaker 3: in the region, PIP. That's what we were also message

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Speaker 3: to AIA and we discussed this uh in details because

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Speaker 3: that is the biggest thread is that there's still sixty

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Speaker 3: units and the equipment become worse and worse, and that's

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Speaker 3: the issue of the equation between security.

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Speaker 4: So before I let you go, Minosuea, let's just tie

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Speaker 4: this all in together. Because we've talked about storage, we've

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Speaker 4: talked about power lines, and we've talked about the court,

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Speaker 4: and we're talking about nuclear as well. In terms of

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Speaker 4: the infrastructure, what do you need in terms of the

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Speaker 4: infrastructure to make sure things can run smoothly and store

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Speaker 4: well throughout the next few months.

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Speaker 3: I can tell that the best solution what we would

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Speaker 3: have from the point of view of the energy that

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Speaker 3: is the air defense systems and that's what we need

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Speaker 3: really more and more because that is the best way

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Speaker 3: to protect our energy infrastructure and that we.

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Speaker 2: See how it works. So that's why I can.

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Speaker 3: Tell you that we would be ready for the next

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Speaker 3: winter from the point of view of infrastructure, from the

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Speaker 3: point of view of resources, but very important is to

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Speaker 3: protect our energy system from the missiles attacks.

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Speaker 4: All Right, minister, thanks a lot. We really appreciate your

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Speaker 4: time today. Thank you very much. Germain Galushenko, Ukraine's energy minister,