Gas stocks shrink by 2.6% to 24.1 bcm over week

USFs were filled by 78% as of December 27, 2020.

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Natural gas stocks in Ukraine's underground storage facilities (USFs) shrank by 2.6%, to 24.1 billion cubic meters (bcm) within a week, December 19-27.

Read alsoNaftogaz opens new gas field in Poltava regionAs of December 27, 2020, gas reserves in the country's USFs increased by 26% from 19 bcm as of December 27, 2019, the state-run gas transport system operator Ukrtransgaz said.

The USFs were filled by 78% as of December 27, 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 switched 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.
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