Gas stocks shrink by 2.6% to 22.5 bcm over week

The USFs were filled by 73% as of January 16, 2021.

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Natural gas stocks in Ukraine's underground storage facilities (USFs) shrank by 2.6%, to 22.5 billion cubic meters (bcm) within a week, January 9-16.

As of January 16, 2021, gas reserves in the country's USFs increased by 27% from 17.7 bcm as of January 16, 2020, state-run LLC Gas Transmission System Operator of Ukraine (GTSOU) said.

Read alsoGovernment slashes prices of natural gas for households in UkraineThe USFs were filled by 73% as of January 16, 2021.

Background

  • Ukraine started pumping natural gas into its USFs on March 11, 2020, as the country's reserves stood 15.808 bcm.
  • On October 28, 2020, National Joint-Stock Company Naftogaz of Ukraine said it had stopped injecting gas into the underground storage facilities, having switched to pumping it out to cover the needs of the 2020-2021 heating season. Ukraine had accumulated over 28 bcm of gas as of said date.
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