Ukraine Expects More Gas Traders to Tap Its Storage by September [Financial Post (Toronto, Ontario, Canada)]
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Ukraine expects more European companies to use its gas storage by September despite ongoing Russian attacks, according to the head of the nation's biggest energy company. “There might be a physical necessity of using Ukrainian storage” by that month, with European storage sites well-stocked following a mild winter, Oleksiy Chernyshov, chief executive officer of state-run Naftogaz, said in an interview in Berlin. “Traders are able to take the risk,” he added, noting that the cost of storing gas on vessels at sea is relatively high. Article content Naftogaz has been actively courting European customers to boost fuel inventories in Ukraine, despite at least seven Russian attacks on its gas infrastructure in recent months, according to Chernyshov. Ukraine is offering about 10 billion cubic meters in its underground facilities — roughly a third of the
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