Zelensky invites Europeans to store gas in Ukrainian facilities

“Ukraine can become - I believe it will become - one of the guarantors of the energy security of the European continent. Together with Ukraine, you will be able to prevent such price crises ever again. We have a unique system of gas storage facilities near the border of the European Union, with a volume of more than 30 billion cubic meters. We are asked about help. That's how practical it is - use our gas storages already this season,” Zelensky said in his speech at the Offshore Northern Seas Conference 2022.

According to him, the Europeans can store fuel in the Ukrainian gas storage facilities for the winter, and " this will be your help both to us and to yourself."

The President also emphasized that Ukraine had significant natural gas deposits, calling on investors to participate in the development of fields and production.

“The leadership of Russia dreamed of stealing this part of our national wealth from us as well. But we will not allow it. We invite all investors, contractors and service companies to join gas production in Ukraine. If you want to help us pragmatically, please use this tool. Obtain licenses, enter into agreements on the distribution of products, carry out exploration and drilling. We would appreciate it. Our gas fields can play the same stabilizing role for Europe as the fields of Norway in particular,” the President of Ukraine underscored.

In addition, he said that Ukraine was preparing to increase the electricity export to the EU countries.

“We ensure this export during the war, and our electricity is much cheaper than what is currently available in the market,” the Head of State said.

Zelensky also invited entrepreneurs to invest in the production of green energy and green hydrogen in Ukraine. As noted, Ukraine is one of the best locations for providing all of Europe with green energy and green hydrogen as it has everything for that: “enough land, good wind, good sun, as well as ready-made energy logistics – powerful power transmission lines, gas pipelines that can be used for hydrogen – of course, after appropriate modernization.”

The Government of Norway announced its intention to allocate NOK 2 billion (about USD 180,000) so that Ukrainians could provide themselves with gas for the winter period against the background of Russian aggression.

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