Foreign companies store over 5 bcm of gas in Ukrainian underground storage facilities

Foreign companies store over 5 bcm of gas in Ukrainian underground storage facilities

Ukrinform
Foreign companies store more than 5 billion cubic meters of gas in the Ukrainian underground gas storage facilities.

 “As of the beginning of August, natural gas reserves reached 22 billion cubic meters, being the highest volume for this period during Ukraine’s independence. At the same time, non-resident companies store 5.2 billion cubic meters of gas in Ukraine, showing an almost fourfold increase compared to last year," press service of the JSC Ukrtransgaz informs.

The company notes that Ukrainian underground storage facilities are guaranteeing the energy security of Ukraine and of the European Union member states.

This year, the natural gas supply to the underground storage facilities is expected to reach 25.5-26.5 billion cubic meters. This will be the highest volume of gas pumped into domestic gas storage facilities during the years of independent Ukraine, Ukrtransgaz emphasizes.

JSC Ukrtransgaz is a state-owned company, part of the Naftogaz Group. The company provides the operation of Ukrainian underground storage facilities, upgrades and constructs gas pipelines.

JSC Ukrtransgaz owns 11 underground storage facilities located all over Ukraine. Its active volume is 31 bcm that is proportionate to UGS facilities of Italy, France, Hungary and Austria put together. Such capacity gives Ukraine significant opportunities in attracting gas storage clients, including European ones.  

JSC Ukrtransgaz managed Ukrainian gas transmission network till January 1, 2020. Gas Transmission System Operator of Ukraine started to carry out this function after the unbundling.

ol

While citing and using any materials on the Internet, links to the website ukrinform.net not lower than the first paragraph are mandatory. In addition, citing the translated materials of foreign media outlets is possible only if there is a link to the website ukrinform.net and to the website of a foreign media outlet. Citing and using materials in offline media, mobile apps, Smart TV are allowed only with written permission from Ukrinform. News and publications marked as "Advertisement" and "PR" and articles in the section "Releases" include promoted content, and an advertiser is responsible for the content.

© 2015-2024 Ukrinform. All rights reserved.

Website design Studio Laconica

Extended searchHide extended search
By period:
-