Business news from Ukraine

Business news from Ukraine

UKRAINE RAISES GAS STOCKS BY 1.4 TIMES

19 June , 2018  

After the heating season had completed, Ukraine increased natural gas reserves in its underground storage facilities (UGS) by 2.971 billion cubic meters, according to data from PJSC Ukrtransgaz. Thus, from April 8 to June 16 gas reserves in storage facilities had grown by 40%, to 10.406 billion cubic meters from 7.435 billion cubic meters.
According to the calculations of Interfax-Ukraine, on June 1-16 gas stocks rose by 841.21 million cubic meters (52.58 million cubic meters per day), in May by 1.632 billion cubic meters (52.65 million cubic meters per day), April 9-30 by 500.84 million cubic meters (22.77 million cubic meters per day).
If the existing volumes of imports and current domestic production are preserved, in July the country have about 11.2 billion cubic meters of reserves in storage facilities.
Ukrtransgaz, 100% owned by Naftogaz Ukrainy, operates the system of trunk gas pipelines and 12 underground gas storage facilities of the country with a total capacity of 31 billion cubic meters.