Ukraine reduces underground gas storage fees by 11% to encourage increased reserves ahead of the heating season
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(1) The Ukrainian National Energy Tariff Regulatory Authority announced on Tuesday that it will reduce the gas storage fees for the country's underground gas storage facilities by 11%, aiming to encourage an increase in natural gas reserves before the next heating season arrives. (2) Ukraine possesses the largest underground gas storage facilities in Europe, with a total storage capacity exceeding 30 billion cubic meters. (3) Ukraine had previously called on Western companies to take advantage of the country's low gas storage costs by storing natural gas in its facilities and supplying it to European users in the winter.
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