Ukraine will need to buy $1 billion of gas to hit winter storage target after Russian attacks

Ukraine has secured gas reserves to meet 80-90 percent of its winter demand and needs up to $1 billion of additional fuel to get through its fourth heating season since Russia invaded the country, industry officials and analysts say. Russia has spent the past two years attacking Ukrainian energy infrastructure to weaken its military and undermine civilian morale. The campaign has reduced domestic gas production and power generation dramatically, with Russian strikes continuing almost daily. Ukraine has about 11 billion cubic metres (bcm) of gas in storage, amounting to more than 80 percent of the government’s 13.2 bcm target, said Yurii Boiko, a supervisory board member at state-owned power grid operator Ukrenergo. Ukrainian energy consultancy ExPro, however, put stocks at...