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Energy companies turn to Ukraine to store gas as EU nears capacity

Alternative storage to be used to park reserves ahead of peak winter months

The EU’s stores of natural gas are nearing full capacity, leading the bloc’s energy companies to park excess reserves in Ukraine ahead of the peak demand of the winter months.

According to figures from Gas Infrastructure Europe, the EU’s chambers are now almost 99 per cent full, surpassing Brussels’ target of 90 per cent of storage capacity by November.

The figure indicates the region has stored far more gas to date this year than some had feared in the aftermath of Russia’s invasion of Ukraine, because of continued imports of liquefied natural gas and reduced demand.

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