Ukraine able to store 15 bln cu. m. of gas at rates much lower than European, Stavytsky says| Ukrinform

Ukraine able to store 15 bln cu. m. of gas at rates much lower than European, Stavytsky says| Ukrinform:

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The creation in Ukraine of an East European gas hub should be an important factor for the country's integration into the European gas market, Ukraine's Energy and Coal Industry Minister Eduard Stavytsky said this at a meeting with RWE Supply & Trading GmbH CEO Stefan Judisch in Brussels.
"Today Ukraine can offer traders the possibility of simultaneous storage of about 15 billion cubic meters gas at rates much lower than in Europe. The use of natural gas storage facilities in Ukraine by traders (total capacity of 31 billion cubic meters of gas and the prospects for increasing the storage capacity to 50 billion cubic meters of gas) will provide an opportunity to influence the reduction of seasonal price fluctuations in spot gas trading in Europe, supply large volumes of gas to the Ukrainian market and create conditions for Ukraine's accession to the European gas market," Stavytsky noted.
He also assured that Ukraine, as before, will remain a reliable partner for the EU in the transit of Russian gas."

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