PM Shmyhal: Ukraine may become ‘gas safe deposit’ for Europe

Europe may use Ukraine's underground gas storage facilities to stabilize potential energy crises.

"Ukrainian gas storage facilities have a volume of 33 billion cubic meters, of which we use about 20-24 billion cubic meters as a rule. In any case, we can use our gas storage facilities as a ‘gas safe deposit’ for European companies," Prime Minister Denys Shmyhal said during an hour of questions to the Government at the Verkhovna Rada, an Ukrinform correspondent reports.

According to him, the European companies already keep part of their gas reserves in the Ukrainian underground storage facilities in the customs warehouse regime. At the same time, Ukraine will negotiate with Europe to make this process more systematic.

According to Shmyhal, the creation of a "gas fund" on the basis of the Ukrainian underground storage facilities will help stabilize possible energy crises in the future.

As reported, more than a thousand companies are already customers of the Ukrainian underground gas storage services.

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