More than 22 billion cubic meters of gas are stored in the Ukrainian underground storage facilities

At the beginning of August, the total natural gas reserve reached 22 billion cubic meters, according to Ukrtransgaz.

Non-resident companies store 5.2 billion cubic meters of gas in Ukraine. It is almost four times more than last year.

“Growth in demand for Ukrainian gas storage facilities from foreign traders remains a key trend in the operation of UGS facilities for 7 months of 2020,” the company reports.

The volume of natural gas injected into the Ukrainian underground storage facilities for seven months of this year amounts to 9.7 billion cubic meters, which is 5% more than in 2019.

Of these, residents pumped 5.6 billion cubic meters of gas, which is 43% less than last year.

Since the beginning of the year, non-residents have pumped 4.1 billion cubic meters of gas, the volume of gas pumped by foreign companies into UGS facilities increased by 3.5 times compared to last year.

As of 01.08.2020, traders from the EU countries and the USA keep 5.2 billion cubic meters in the Customs warehouse mode. This is four times more compared to the same period last year. Of these, the volume of gas transported under the short haul tariff is 2.8 billion cubic meters. Companies-residents store 1.3 billion cubic meters in the Customs warehouse mode (53% less than in 2019). Including the volume of gas transported under the short haul tariff – 0.04 cubic meters.

As of 01.08.2020, the natural gas reserve in domestic underground gas storage facilities is 22 billion cubic meters of gas. This is 40% more than last year.

It is expected that this year, at the end of the injection season, the reserves of natural gas in the underground storage facilities will reach 25.5-26.5 billion cubic meters. The company noted that this will be the highest level of filling domestic gas storage facilities in the days of independent Ukraine.

Tags: gas, Naftogaz, contracts, legislation, EU, Ukrtransgaz, USA, energy market, UGSF, gas transit, GTS, foreign affairs, gas exports, heating season, Gas market, investments, pipeline, price, agreement, gas supplies, volumes, infrastructure, energy sector, natural gas, economy, market, gas production, gas transmission system, supplier, consumers

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