On Thursday, April 11, Russia attacked two Ukrainian underground gas storage facilities, which led to an increase in gas prices in Europe. European gas futures rose 7.1%. The current price is 28.84 euros per megawatt (302 euros per thousand cubic meters). Bloomberg reports this.
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According to the head of NJSC Naftogaz of Ukraine, Alexei Chernyshev, gas storage facilities are still operating while experts are assessing the consequences of the shelling. These attacks were the fourth attack on Ukrainian gas storage facilities that have not yet affected their operations.
As the newspaper writes, these incidents highlight the potential risk for gas storage in the country if European reserves are overfilled this summer.
Ukraine has more gas storage capacity than any other country on the continent west of Russia, and is actively recruiting traders to store reserves in its storage facilities.
Ukraine is seeking to reassure European natural gas traders that fuel storage in the country's underground storage facilities remains safe, despite the recent Russian attack.
Ukraine is inviting traders abroad to book up to 10 billion cubic meters of its gas storage facilities this year, Naftogaz reports . The volume that can be allocated to international companies is about a third of the country’s total capacity and corresponds to the level of last year.
Recall
At night, the Russian military, with the help of missiles and suicide bombers, attacked two critical energy facilities infrastructure in the Lviv region: a gas distribution infrastructure facility in the Stryisky district and an electrical substation in Chervonogradsky.
In addition, the Russian military attacked energy infrastructure in the Kharkov, Zaporozhye, Lviv, Kyiv and Odessa regions. The occupiers completely destroyed the Trypilska Thermal Power Plant in the Kyiv region.
According to DTEK, the occupiers attacked two thermal power plants of DTEK, resulting in significant damage to the equipment.
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