10:01 20.08.2018

Ukraine's gas stocks in underground storage facilities expand by more than 86%

2 min read
Ukraine's gas stocks in underground storage facilities expand by more than 86%

Ukraine has raised natural gas reserves in its underground storage facilities (UGS) by 6.414 billion cubic meters (bcm) after the end of the heating season, JSC Ukrtransgaz has said.

Thus, from April 8 to August 18, gas reserves in storage facilities grew by 86.3%, to 13.849 bcm from 7.435 bcm.

According to Interfax-Ukraine's estimates, gas stocks on August 1 through August 18 increased by 1.006 bcm, or 55.91 million cubic meters (mcm) per day, in July they expanded by 1.655 bcm (53.38 mcm a day), in June by 1.622 bcm (54.09 mcm per day), in May by 1.632 bcm (52.65 mcm per day), on April 9 through April 30 by 500.84 mcm (22.77 mcm per day).

If the existing volumes of imports and current domestic production are kept in August-September (1.6 bcm of gas every month in July-September), the country would have about 16 bcm of reserves in storage facilities in October.

The Cabinet of Ministers of Ukraine expects that gas stocks as of November 1, 2018, would reach 17 bcm.

Ukrtransgaz, wholly owned by NJSC Naftogaz Ukrainy, operates the system of trunk gas pipelines and 12 underground gas storage facilities of the country with a total capacity of 31 bcm.

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