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Ukraine boosts gas inventories to almost 12 bcm since end of heating season

14 July 201777

Ukraine has increased gas inventories in underground storage 47.3% since the end of the heating season, according to operational data from Ukrtransgaz.

The inventories amounted to 11.929 billion cubic meters (bcm) on July 8, up from 8.1 bcm on March 22, Interfax-Ukraine reports.

The current inventories are 21.5% more than on July 8, 2016 (9.821 bcm), 2.1% less than on July 8, 2015 (12.188 bcm) and 17.7% less than on July 8, 2014 (14.486 bcm), according to Interfax-Ukraine calculations.

Ukraine injected 389 mcm of gas into underground storage from July 1 through July 8, 2017 (48.63 mcm a day on average), compared with 49.88 mcm a day on average in June and 51.86 mcm a day on average in May.

If Ukraine injects about 50 mcm a day into underground storage in July-September 2017, it would enter the 2017/2018 heating season with about 16 bcm in storage. It had 14.7 bcm in storage when the 2016/2017 heating season began in mid-October 2016.

At the end of February 2017, Yuriy Vitrenko, the director for business development of Naftogaz Ukrainy, forecasted that as far as gas storage is concerned, the company would pursue the same conservative plans for the upcoming heating season as it did for the 2016/2017 heating season.

Ukraine imported 34.958 mcm of gas on July 8, 2017, of which 23.359 mcm from Slovakia, 7.395 mcm from Hungary and 4.204 mcm from Poland. In general, Ukraine imported 278.8 mcm of gas from Europe on July 1 through July 8.

Gas production in Ukraine on July 8 was 56.344 mcm, of which Ukrgazvydobuvannia produced 41.804 mcm, Ukrnafta - 2.656 mcm and other companies - 11.884 mcm. Overall production on July 1 through July 8 was 449.7 bcm.

Transit via Ukraine's gas transport system was 2.101 bcm in the period July 1-8 or 262.6 mcm a day on average.


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