wrote the ICIS energy news site on the impact of the Russian military threat to eastern Ukraine. “European gas companies will consider storing gas in Ukraine depending on summer-winter spreads irrespective of the evolution of the Ukrainian-Russian military tensions,” read the analysis. With today’s summer-winter price gap 85% lower than last year, traders said they did not see much incentive to store gas. One trader noted that the bulk of Ukraine’s 12 underground storage areas – largely depleted gas fields – are in Western Ukraine.
Sergii Pereloma, the Head of the UGS storage unit of Ukrtransgaz. The number of foreign customers has doubled and now includes companies based in UAE, Singapore, and Hong Kong. Key attractions for international investors are: duty free import and exports for three years, reasonable warehouse rates, and transparent procedures.