Business news from Ukraine

UKRAINE INCREASES GAS INVENTORIES BY 2 BCM IN MAY

Ukraine in May 2019 increased natural gas stocks in its underground storage facilities by 1.95 billion cubic meters (bcm), according to recent update from JSC Ukrtransgaz.
Thus, daily average pumping last month was 62.9 million cubic meters (mcm), which is more than in May 2018 (52.6 mcm), May 2017 (51.9 mcm), May 2016 (15.3 mcm) and May 2015 (57.3 mcm).
Retaining the pace of pumping in next four and a half months would allow Ukraine to start the heating season with 20 bcm of gas in stock.
Ukraine from April 4 through June 1, 2019 increased natural gas stocks in its underground storage facilities by 31% or 2.713 billion cubic meters (bcm), to 11.459 bcm.
According to the calculations of the Interfax-Ukraine agency, the figure is 19.1% more than stocks on June 1, 2018 and 13.6% more than on June 1, 2017.
On June 1, 2019, 70.32 million cubic meters (mcm) of gas was pumped into the underground storage facilities and 54.4 mcm of gas was imported with domestic production of 56.6 mcm.
Earlier Naftogaz CEO Andriy Kobolev said that national joint-stock company Naftogaz Ukrainy is mulling a possibility of pumping an additional volume of gas to the underground gas storage facilities of Ukraine if Russia’s Gazprom stops gas transit across the country after 2019. Ukraine plans to have around 20 bcm of gas in stocksat the beginning of the next heating season.
During the heating season started on November 7, 2018 and lasted until April 4, 2019 some 8.45 bcm of gas was pumped from the underground gas storage facilities. The stocks fell from 17.195 bcm to 8.745 bcm.
Ukrtransgaz, a wholly owned subsidiary of Naftogaz Ukrainy, operates Ukraine’s gas transmission system and 12 underground gas storage facilities with 31 bcm of capacity.

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UKRAINE INCREASES GAS INVENTORIES

Ukraine from April 4 through May 25, 2019 increased natural gas stocks in its underground storage facilities by 25.7% or 2.25 billion cubic meters (bcm), to 10.996 bcm, according to recent update from JSC Ukrtransgaz.
According to the calculations of the Interfax-Ukraine agency, the figure is 19% more than stocks on May 25, 2018 and 13.8% more than on May 25, 2017.
On May 25, 2019, 77.14 million cubic meters (mcm) of gas was pumped into the underground storage facilities and 52.3 mcm of gas was imported with domestic production of 57.7 mcm.
Earlier Naftogaz CEO Andriy Kobolev said that national joint-stock company Naftogaz Ukrainy is mulling a possibility of pumping an additional volume of gas to the underground gas storage facilities of Ukraine if Russia’s Gazprom stops gas transit across the country after 2019. Ukraine plans to have around 20 bcm of gas in stocksat the beginning of the next heating season.
During the heating season started on November 7, 2018 and lasted until April 4, 2019 some 8.45 bcm of gas was pumped from the underground gas storage facilities. The stocks fell from 17.195 bcm to 8.745 bcm.
Ukrtransgaz, a wholly owned subsidiary of Naftogaz Ukrainy, operates Ukraine’s gas transmission system and 12 underground gas storage facilities with 31 bcm of capacity.

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UKRAINE EXPANDS GAS INVENTORIES TO 15.8 BCM

Ukraine has raised natural gas reserves in its underground storage facilities (UGS) by 8.374 billion cubic meters (bcm) after the end of the heating season, JSC Ukrtransgaz has said.
Thus, from April 8 to September 22, gas reserves in storage facilities more than doubled, to 15.81 bcm from 7.435 bcm
According to Interfax-Ukraine’s estimates, gas stocks on September 1 through September 22 increased by 1.17 bcm (53.19 million cubic meters [mcm] a day), in August by 1.793 bcm (57.85 mcm per day), in July they expanded by 1.655 bcm (53.38 mcm a day), in June by 1.622 bcm (54.09 mcm per day), in May by 1.632 bcm (52.65 mcm per day), on April 9 through April 30 by 500.84 mcm (22.77 mcm per day).
Ukraine had the smallest gas inventories after the 2017/18 heating season compared with the previous three seasons. Frosts in March and early April were recorded.
The Cabinet of Ministers of Ukraine expects that gas stocks as of November 1, 2018, would reach 17 bcm.
Ukrtransgaz, wholly owned by NJSC Naftogaz Ukrainy, operates the system of trunk gas pipelines and 12 underground gas storage facilities of the country with a total capacity of 31 bcm.

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