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Expert Meeting on the Potential of Ukrainian Underground Gas Storage Facilities for European Energy Security

Ukraine possesses one of  largest networks of underground gas storage (UGS) facilities in Europe – altogether it has 12 facilities with a total active capacity of 31 billion cubic meters. On 5 October 2017, the Energy Charter Secretariat together with Ukrainian authorities organised a kick-off meeting where technical conditions and parameters of Ukrainian UGS were discussed with a focus on the opportunities for the European Union (EU). The meeting gathered representatives from the Ministry of Energy and Coal Industry of Ukraine, Naftogaz and Ukrtransgaz (the Ukrainian state own company), European Commission (EC), Support Group of Ukraine as well as representative from the Slovak TSO – Eustream.  

Naftogaz-Ukrtransgaz experts informed about the achievements in recent years regarding the efforts of attracting foreign companies to store gas in Ukraine. Furthermore, Ukraine and the EC have initiated a comprehensive study of Ukrainian underground gas storage facilities, the results of which will be known at the end of next year. The Eustream representative shared the experience of managing gas storage activities in current regulatory and business environment in the EU. The Energy Charter Secretariat informed about an ongoing pilot project on Energy Investment Risk Assessment (EIRA) which includes Ukraine.

The participants concluded that there was a need in the regional gas energy security fora and that the International Energy Charter would fit this purpose well. The brainstorming did not leave any doubt with respect to the potential and importance of the Ukrainian gas transport/storage system for the European energy security. Another meeting will be convened again upon request from the Ukrainian side.