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6 FAQs about [Energy storge Ukraine]
Does Ukraine's gas storage offer a greater energy security?
In the search for greater energy security, EU officials and individual member states should explore the opportunities presented by Ukrainian gas storage. Ukraine’s underground gas storage facilities are the largest in Europe and offer extensive untapped potential.
How big is Ukraine's gas storage facility?
Constructed during the Soviet era as part of the infrastructure to support Russian gas deliveries to European markets, Ukraine’s gas storage facilities have an overall capacity of 31 billion cubic meters.
Why has Ukraine emerged as a storage alternative?
Ukraine has emerged as a storage alternative despite the risks from Russia’s invasion in part because it has offered incentives such as cheap storage tariffs and custom duty exemptions for three years, which allows gas to be easily reimported to the EU.
Is Ukrtransgaz a European gas storage operator?
In April 2023, Ukrtransgaz (Ukraine’s state-owned gas storage operator) was certified as a European storage operator, meaning it can hold strategic gas reserves for EU member states. However, the ongoing war in Ukraine has made it riskier to store the EU’s temporary gas surplus—let alone its strategic stocks—in the country.
How many cubic meters of gas can Ukraine Transport per day?
Today, Ukraine has the potential to distribute up to 200 million cubic meters of gas per day to EU markets. The real logistical challenge lies in the limited capacity to transport large volumes of gas in the other direction from the EU to Ukraine’s storage facilities. Present capacity provided by Slovakia, Hungary, and Poland is inadequate.
Could Ukraine become an energy bank?
Meanwhile, the CEO of Naftogaz (the parent company of Ukrtransgaz) recently offered 10 bcm of storage capacity to the EU and suggested that Ukraine could become an “energy bank” for Europe. De-risking the use of Ukrainian storage could improve energy security both in the EU and within Ukraine itself.
