About past, present and future of Ukraine

Search mobile

Main Business Gas storage by foreign traders operating normally

Business

Gas storage by foreign traders operating normally

430
Gas storage by foreign traders operating normally

Share this article

Despite several attacks on Ukraine's underground gas storage facilities in March-April 2024, injection and withdrawal of gas by foreign traders are being carried out as usual.

This was reported by the head of the Naftogaz Group, Oleksiy Chernyshov, in an article for the Financial Times.

Last year, European traders injected about 2.5 billion cubic meters of fuel into Ukrainian gas storage facilities.

This year, the rate of injection has slightly decreased due to Russian attacks on gas infrastructure. However, the main factor remains commercial—the spread. The current gas price is not sufficiently attractive for traders to build reserves.

Last year, the peak of injections occurred in August-September, with the season lasting through October.

It is expected that European underground gas storage facilities will soon be full, as by the first decade of August 2024, they were already 86% full.

At the same time, according to Oleksiy Chernyshov, there will be plenty of available space in Ukrainian gas storage facilities in September and October. Additionally, the company is continuously working on enhancing the protection of the infrastructure.

It is worth noting that the tariffs for gas storage in Ukrainian underground storage facilities will remain unchanged until April 1, 2025.

 

Oleksiy Chernyshov

 

The Odessa Journal
more articles

Top article

The Ministry of Defense has signed a contract for the construction of a service center for repairing drones in Ukraine
War

The Ministry of Defense has signed a contract ...

Dmytro Kuleba: Ukraine and Croatia have agreed to use Croatian ports for exporting Ukrainian grain
Business

Dmytro Kuleba: Ukraine and Croatia have agree ...

New sanctions: Defence industry, political parties and individuals linked to oligarchs
Business

New sanctions: Defence industry, political pa ...

Volodymyr Zelensky: We are preparing for the next Ramstein meeting, we expect solidly grounded decisions to meet the prospects on the battlefield
War

Volodymyr Zelensky: We are preparing for the ...