14:09 19.06.2017

Ukraine boosts gas inventories 34% since end of heating season

Ukraine boosts gas inventories 34% since end of heating season

Ukraine has increased gas inventories in underground storage 34% since the end of the heating season, according to operational data from Ukrtransgaz.

The inventories amounted to 10.851 billion cubic meters (bcm) on June 17, up from 8.1 bcm on March 22.

The current inventories are 14.9% more than on June 17, 2016 (9.443 bcm), 3.5% less than on June 17, 2015 (11.246 bcm) and 22.8% less than on June 17, 2014 (14.052 bcm), according to Interfax-Ukraine calculations.

Ukraine injected 807.71 mcm of gas into underground storage in the first 17 days of June (47.51 mcm a day on average), compared with 51.86 mcm a day on average in May.

If Ukraine injects about 50 mcm a day into underground storage in July-September 2017, it would enter the 2017/2018 heating season with about 16 bcm in storage. It had 14.7 bcm in storage when the 2016/2017 heating season began in mid-October 2016.

At the end of February 2017, Yuriy Vitrenko, the director for business development of Naftogaz Ukrainy, forecasted that as far as gas storage is concerned, the company would pursue the same conservative plans for the upcoming heating season as it did for the 2016/2017 heating season.

Ukraine imported 35.078 mcm of gas on June 17, 2017, of which 24.062 mcm from Slovakia, 7.554 mcm from Hungary and 3.462 mcm from Poland. In general, Ukraine imported 500.6 mcm of gas from Europe in the first 17 days of June.

Gas production in Ukraine on June 17 was 57.008 mcm, of which Ukrgazvydobuvannia produced 41.831 mcm, Ukrnafta - 3.255 mcm and other companies - 12.002 mcm. Overall production in the first 17 days of June was 966 bcm.

Transit via Ukraine's gas transport system was 4.319 bcm in the period June 1-17 or 254 mcm a day on average.

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