Gas storage facilities: Ukraine signals • Table.Briefings

Gas stored in Ukraine is supposed to keep Europe’s energy prices in check during the winter. However, an international organization accused the government in Kyiv of unjustified interference in the market. Now there are apparently the first signatures on a memorandum of understanding to minimize the risks for European companies.

It is a steep curve that has shown a trend reversal in European gas trade since mid-July. Since then, the return flows of gas from the EU to Ukraine have been higher than in the whole of last year, data from the Bruegel think tank show. For decades, gas flowed mainly westward with transit across the Ukrainian expanses. Last year, EU countries hoarded as much gas as they could, with barely a cubic meter left for reverse flows eastward. But this year, the situation looks more favorable than ever for gas storage deals in Ukraine – or so it seems.

Gas storage facilities: Ukraine signals concession

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