Business news from Ukraine

Business news from Ukraine

UKRAINE INCREASES GAS STOCKS FOR HEATING SEASON

Ukraine after the completion of the heating season increased its natural gas reserves in the underground gas storage facilities by 9.243 billion cubic meters (bcm), according to data from Ukrtransgaz. So, from April 8 to October 14, 2018 gas inventories rose by almost 2.2 times, from 7.435 bcm to 16.678 bcm.
According to the calculations of the Interfax-Ukraine agency, on October 1 through October 14 gas storage facilities were replenished by 443.72 million cubic meters (mcm, 31.69 mcm per day), in September by 1.595 bcm (53.17 mcm a day), in August by 1.793 bcm (57.85 mcm per day), in July by 1.655 bcm (53.38 mcm per day), in June by 1.623 bcm (54.09 mcm per day), in May by 1.632 bcm (52.65 mcm per day), April 9-30 by 500.84 mcm (22.77 mcm per day).
Ukraine came out from the 2017/2018 heating season with the minimum stocks in the last four seasons due to the frosty March-early April.
As reported, the Cabinet of Ministers of Ukraine expects that gas inventories by November 1, 2018 will amount to 17 bcm.

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NAFTOGAZ ACCUMULATES ENOUGH GAS TO STEADILY PASS HEATING SEASON – TOP MANAGER

National joint-stock company Naftogaz Ukrainy has accumulated enough volumes of natural gas in its underground gas storage facilities to steadily pass the autumn and winter period, Naftogaz Chief Commercial Officer Yuriy Vitrenko said at a press conference in Kyiv on Tuesday.
“Now there are some 16 billion cubic meters of gas in underground gas storage facilities. This is enough to pass winter with comfort,” he said.
Vitrenko said that there is a strong likelihood that after the completion of the heating season the company would have a good gas reserve in the storage facilities.

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