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Old 11-03-23, 01:39 PM   #371
Dargo
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Ukraine has the largest underground gas storage in Europe with capacity to accommodate 31 billion cubic meters of gas, according to Naftogaz CEO Chernyshov. With EU gas storage nearly full, some companies are turning to Ukraine to store excess gas. War notwithstanding, European companies parked $1 billion worth of gas in Ukraine. Chernyshov noted that Russian gas transit via Ukraine will end in 2024. It could surprise many here, but Russian gas continues to transit Ukraine irrespective of war. In January-October 2023, Russian forces damaged 128 gas infrastructure facilities across Ukraine, according to Naftogaz, but industry insiders say that no underground storage has been hit. Ukraine's underground storage is concentrated in west.
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