According to the Agency's document, this project is a revolving gas purchase facility that allows Naftogaz to buy gas over a period of up to three years at the lowest price available during the summer monts and build up reserves in its storage facilities for sale to Ukrainian residents and businesses in the fall and winter heating season when demand is high and gas supply is more scarce.
According to the Agency, this project has been screened as Category A regarding environmental and social risks because it involves a major natural gas storage and distribution infrastructure that has potential impacts which can be diverse and irreversible; the potential to impact local infrastructure; and the potential for accidental releases of methane from process upsets resulting in fire and explosion. In addition there are also potential impacts and risks commonly associated with hazardous materials management, solid and hazardous waste management, effluent disposal, occupational health and safety, and community health, safety, and security.
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