Foreign traders actively injecting gas Into Ukraine's storage facilities
Photo: press service of Ukrtransgaz

Foreign traders have now injected over 1.8 billion cubic meters of natural gas into Ukraine's strategic storage facilities, according to a statement from the Ministry of Energy.

According to the Minister of Energy German Galushchenko, European underground gas storages are filled to about 94%.

"Therefore, Ukrtransgaz capacities in underground storage facilities are becoming even more attractive for European traders. This is a good sign for us and for Europe," the minister said.

Ukraine has the largest gas storage facilities in Europe at more than 30 billion cubic meters, of which about 15 billion cubic meters can be offered to European partners.

Last week, USAID's Energy Security Project published a report on a stress test initiated by the Ministry of Energy and modeled by an international expert group. According to its results, the Ukrainian GTS and underground storage facilities are ready to work successfully in the conditions of wartime challenges and in case of cessation of transit of Russian gas.

In May, the Cabinet of Ministers approved a list of underground facilities where energy resources will be stored that will be inaccessible to enemy fire.

At the beginning of June, media reported that Brussels is conducting negotiations with European banks regarding the provision of insurance guarantees to companies that are ready to store their gas in huge underground gas storage facilities in Ukraine.

Energy Ministrygas storage facilitiesEuropean gasforeign traders