Ukraine ready to provide foreign companies with half of its gas storage capacity

6 May, 12:40 PM
Ukrainian underground storage facilities can also store European gas (Photo:JSC Ukrtransgaz)

Ukrainian underground storage facilities can also store European gas (Photo:JSC Ukrtransgaz)

Ukraine is ready to provide foreign companies with half of the capacity of its underground gas storage facilities to build up reserves for the coming winter, Ukrainian Energy Minister Herman Halushchenko wrote on Facebook on May 5.

"We have time until winter, which should be used to jointly purchase gas from alternative sources and pump it into storage," the minister said.

"This includes the Ukrainian (storages), where we are able to reserve at least 15 billion cubic meters for our partners."

Halushchenko also called on European countries to minimize the use of gas for electricity production, using other means to generate power.

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"Ukraine's energy system is now part of Europe's integrated energy system, and we can export electricity that is 70% produced from hydrocarbon-independent and renewable sources," he said.

As of early April 2022, Ukraine's underground gas storage facilities, which have a total capacity of 31 billion cubic meters, contained about 9 billion cubic meters of gas.

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