European gas traders shun Ukraine storage after Russian attacks

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The story "European gas traders shun Ukraine storage after Russian attacks" was covered 15 hours ago by Financial Times, a news publisher based in United States.

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Financial Times 15h ago

European gas traders shun Ukraine storage after Russian attacks - Financial Times

Quick Summary:

Ukraine is keen for European traders to continue using its gas infrastructure, partly as it brings valuable revenue to its war torn economy.

However, “unless some extra incentive is introduced to park gas in Ukraine, it is hard to see” how European traders will return, said Natasha Fielding, head of European gas pricing at Argus.

Gas storage facilities in the EU can only hold a maximum of about 100bn cubic metres of natural gas, compared with annual demand in the bloc of between 350 bcm and 500 bcm, depending on the weather and other conditions.