Gas reserves in Ukrainian UGS facilities are 42.6% lower than last year

by time news

Gas reserves in underground storage facilities in Ukraine as of December 31 amounted to 13.5 billion cubic meters. m, this is 42.6% less than in 2021, according to the data of Ukrtransgaz.

As follows from the infographic published on the company’s website, in 2021 reserves for the same period amounted to 23.6 cubic meters. m of gas.

At the end of December, spot prices for natural gas in Ukraine doubled, reaching 88.6 thousand hryvnia (almost $ 3.3 thousand) per 1,000 cubic meters. m. December 31 on the “Ukrainian Energy Exchange” they fell to 32.3 thousand hryvnia. The gas price at the TTF hub in the Netherlands on that day dropped below $ 900 per 1,000 cubic meters. m for the first time since November, by the end of trading it was at the level of $ 783 (-5.1%), according to data from the ICE exchange.

In December, gas prices began to rise against the backdrop of Gazprom’s refusal to book capacities on the Yamal-Europe gas pipeline. Bloomberg sources said that the company’s decision was due to the exhaustion of limits, due to which buyers have to pay for them at the prevailing market price.

Read about the gas situation in the publication of Kommersant FM “Europe has gone overboard” with reserves.

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