Business news from Ukraine


20 August , 2019  

Ukraine from April 4 to August 17, 2019 doubled its natural gas reserves in underground gas storage facilities (UGS), to 17.169 billion cubic meters (bcm), according to recent data from JSC Ukrtransgaz.
According to the calculations of the Interfax-Ukraine agency, this volume exceeds the inventory indicator on August 17, 2018 by 24.5%, on August 17, 2017 by 22.2%.
The storage facilities of the country on August 1-17 were replenished by 1.318 billion cubic meters of gas, which is equal to the average daily injection of 77.5 million cubic meters, while in July the figure was 74.4 million cubic meters per day, in June some 71.9 million cubic meters/day, and in May some 62.9 million cubic meters/day.
Underground gas storage facilities in Ukraine, in particular, on August 17 of this year were replenished by 74.36 million cubic meters with imports standing at 66.91 million cubic meters and domestic production of 54.8 million cubic meters.
Earlier, CEO of Naftogaz Ukrainy Andriy Kobolev said that the company intends to pump additional volumes of gas into the Ukrainian underground storage facilities in the event that Russia’s Gazprom ceases gas transit through the country after 2019. Ukraine plans to enter the next heating season with the reserves of about 20 billion cubic meters.

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