Trafigura stored gas in Ukraine to export when prices rise

The commodity trading giant paid $5.9bn (€5.5bn) in annual dividends to its employee shareholders, more than triple a year earlier, after churning out another record profit

Even with war risks, traders and utilities were transferring gas from Moldova and the EU to store it in Ukraine before the heating season to take advantage of relatively-low storage fees and cheaper summer gas prices.

Trafigura stored some natural gas in Ukraine’s underground sites to re-export back to Europe when prices rise.

“Trafigura was one of the few companies to inject gas into Ukraine storage,” the trading house said in its financial report which was published on Friday.