Oxford Energy Podcast – European gas storage: backhaul helps open Ukrainian safety valve

In this OIES podcast James Henderson discusses the availability of Ukrainian gas storage for the European market with Simon Pirani and Jack Sharples, the joint authors of a new OIES paper on this important topic. With European storage capacity likely to hit its ceiling during the summer, the option to move gas into Ukraine’s huge storage reservoirs is becoming a vital issue, and this podcast addresses the questions of how much storage is available, how it can be accessed and how physical storage is being supplemented by backhaul, or virtual reverse, import capacity. The discussion also addresses the potential for further integration of the Ukrainian and European gas markets and possible Russian reactions to this.


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