Gas stocks shrink by 1.9% to 26.63 bcm over week

USFs were filled by 86% as of November 28, 2020.

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Natural gas stocks in Ukraine's underground storage facilities (USFs) shrank by 1.9%, to 26.63 billion cubic meters (bcm) within a week, November 22-28.

Read alsoEnergy ministry plans to raise electricity tariff for householdsAs of November 28, 2020, gas reserves in the country's USFs increased by 28% from 20.8 bcm as of November 28, 2019, the state-run gas transport system operator Ukrtransgaz said.

The USFs were filled by 86% as of November 28, 2020.

Background

  • Ukraine started pumping natural gas into its USFs on March 11 as the country'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.
  • Natural gas stocks in the country's USFs shrank by 1.8%, to 27.15 bcm within a week, November 14-21.
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