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Zelensky offers Europe Ukrainian storage facilities for storing strategic gas reserves

Ukraine is ready to drop the price of gas transit through its territory—Zelenskyy. Photo: Ukrtransgaz

Ukraine is ready to drop the price of gas transit through its territory—Zelenskyy. Photo: Ukrtransgaz

The Ukrainian side is ready to reduce the price of gas transit through its territory and provide European countries with their storage facilities for storing a strategic fuel reserve there. President Volodymyr Zelenskyy told this to Ursula von der Leyen, President of the European Commission.

Moreover, the Head of State announced several initiatives that could help prevent an energy crisis in the European region. Zelenskyy and von der Leyen, in particular, discussed the possibility of creating a regional platform to enhance energy security.

During the telephone conversation, the President of Ukraine once again stressed that the Russian project Nord Stream 2 posed a threat to every country in the European Union.

Context. At the end of October, Russian President Vladimir Putin stated that as soon as the German regulator greenlighted to the launch of the first string of the Nord Stream 2 gas pipeline, which, by the way, was already filled with gas, European countries would immediately be able to get not only the contracted volumes of gas, but also additional ones.

The next day, the Ukrainian side turned to Russia with a proposal to drop the price of gas transit through its territory. This referred to a 50% discount on transporting "blue flame gas" to European countries in excess of the contracted volumes.

Recall that gas transit through Ukraine this year has decreased by more than 17%.

The Russian Federation promised to transport this year more than 40 billion cubic meters of gas provided for by the long-term agreement through the Ukrainian territory.

Russia has indeed increased gas transit through Ukraine, but as of November 8, the volume of transportation was still less than the reserved volumes.

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