Ukraine has said it is ready to allow traders to use up to half of its natural gas storage capacity to store the commodity for winter.
Ukraine is ready to allow non-resident traders to use up to half of its natural gas storage capacity, the country’s Prime Minister Denys Shmyhal told national television on Wednesday. Ukraine has 30 billion cubic meters bcm of underground storage capacity. As much as 12 to 15 bcm of this capacity could be allowed to be used by foreign traders to store gas, according to the prime minister.
8 bcm in the middle of September, Chernyshov has said. “Over the past day alone, we have received 14 applications from non-residents to pump gas into ... Ukrainian gas storage facilities,” Chernyshov was quoted by Reuters as posting on Facebook on October 6. This year, despite risks of potential hits due to the war, traders have started to store natural gas at storage sites in Ukraine, taking advantage of the lower costs and high available storage capacity.
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