• 05/02/2025 16:49

Ukraine offers the US its gas storage facilities for LNG storage: what are the benefits for Europe?

Ukraine is considering the possibility of expanding its energy partnership with the United States by offering its underground gas storage facilities for storing liquefied natural gas (LNG), writes IZ with reference to Obozrevatel. Such an initiative will contribute to strengthening Europe's energy security, in particular in the context of reducing dependence on Russian energy resources. The Ukrainian side is confident that the use of domestic storage facilities can become an important element of the European energy system.

Ukrainian Foreign Minister Andriy Sybiga said that the country has significant potential in the field of gas storage, which could be useful for international partners. Cooperation with American LNG suppliers will allow creating a strategic fuel reserve, which will guarantee the stability of gas supplies in the region. In addition, stopping the transit of Russian gas through the territory of Ukraine opens up new opportunities for importing LNG from the United States, which can replace the lost volume of supplies from the Russian Federation.

In addition to the energy sector, Ukraine is also interested in attracting American investors to large-scale post-war reconstruction. According to the Foreign Minister, this process will become one of the largest projects of the 21st century, which will open up broad prospects for international companies. The possibility of using frozen Russian assets to finance the country's reconstruction and the purchase of military equipment to strengthen Ukraine's defense capabilities is also being considered.

The Ukrainian leadership emphasizes that a strategic partnership with the United States in the energy sector can significantly strengthen Europe's resilience to energy crises. Using Ukrainian gas storage facilities to store American LNG will ensure a stable supply of fuel even in the event of disruptions on the global market, which will be a significant contribution to strengthening the energy independence of the region.

Recall that we previously wrote: for the first time in Ukraine, a court restricted the right to drive a car due to violation of military registration

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