Gas stocks shrink by 1% to 28 bcm over week

REUTERS Natural gas stocks in Ukraine&#39;s underground storage facilities (USFs) shrank by 1%, to 28 billion cubic meters (bcm) within a week, October 31-November 8. As of November 8, 2020, gas reserves in the country&#39;s USFs increased by 29% from 21.6 bcm as of November 8, 2019, the state-run gas transport system operator Ukrtransgaz said. The USFs were filled by 90% as of November 8, 2020. Read alsoGas transit via Ukraine in Jan-Oct shrinks by over 38%, to 45 bcmBackground Ukraine started pumping natural gas into its USFs on March 11 as the country&#39;s reserves stood 15.808 bcm. On October 28, National Joint-Stock Company Naftogaz of Ukraine said it had stopped injecting gas into the underground storage facilities, having switching to pumping it out to cover the needs of the 2020-2021 heating season. By the start of the 2019-2020 heating season, Ukraine had accumulated 21.76 bcm of gas, which was a record high over the past decade.

Gas stocks shrink by 1% to 28 bcm over week

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