EU Traders Boost Gas Flows to Ukraine Eyeing Its Storage Sites
Gas pipes and compressor machinery at the Dashava underground gas storage facility in Striy, Ukraine.
Photographer: Vincent Mundy/Bloomberg
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Ukraine expects a jump in natural gas flows to the country from the European Union as traders are interested in its spare storage capacity to stash fuel for the forthcoming winter.
With European inventories already fuller than normal, market players are looking at Ukraine — a risky destination but one with huge storage sites and lower fees. Capacity bookings that traders are making to ship fuel into Ukraine are expected to rise in the third quarter, according to the nation’s grid.