Gas stocks shrink by 2.8%, to 18.3 bcm over week

USFs were filled by 59% as of February 27, 2021.

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Natural gas stocks in Ukraine's underground storage facilities (USFs) shrank by 2.8%, to 18.3 billion cubic meters (bcm) within a week on February 21-27.

Read alsoIt's happening: Ukraine is attracting European neighbors to developing a gas-bearing shelf in the Black SeaGas reserves in the country's USFs as of February 27, 2021, were 16% up from 15.9 bcm as of February 27, 2020, state-run LLC Gas Transmission System Operator of Ukraine (GTSOU) said.

The USFs were filled by 59% as of February 27, 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, 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 the said date.
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