Ukraine's Energy Security: France's Engie strikes deal to reserve gas storage in Ukraine - Reuters

11:58 Oct. 28, 2016

France's Engie strikes deal to reserve gas storage in Ukraine - Reuters

The logo of French gas and power group Engie is pictured at the business district La Defense, in Paris, Oct. 12, 2016. (AP Photo)

Engie is Ukraine's main Western supplier of natural gas delivering about 10% of country's gas demand 

French utility Engie said on Friday it would create a subsidiary in Ukraine and signed a deal with transmission system operator UkrTransGaz to reserve transport and gas storage capacities there, starting this winter, Reuters reports.

Engie said it became Ukraine's main Western supplier of natural gas in 2015, providing 3.5 billion cubic meter of gas, mainly to state-owned JSC Naftogaz, contributing to the country's security and diversity of supply.

Read also Ukraine cuts gas consumption by 11 pct so far 2016 - Reuters

The deal was signed during a visit of Ukrainian Prime Minister Volodymyr Groysman to Paris.

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