Ukraine targets gas reserves of over 19 bcm ahead of winter

Energy Trade

Accumulated gas reserves in underground storage facilities have already reached more than 17.5 billion cubic metres (bcm), but Ukraine hopes to have more than 19 bcm of gas in storage ahead of the next heating season, Naftogaz CEO Yuriy Vitrenko on the last week, according to Ceenergynews.com.

"It is the government's estimate that at the start of the next heating season, we must have gas reserves of 17 bcm in underground storage facilities and we are already approaching 18 bcm" Vitrenko said.

Ukraine produces 65% of the gas it consumes and imports the rest from Europe. Since 2015, the country no longer imports gas directly from Russia.

Ukraine's gas storage facilities are the largest in Europe, with more than 30 bcm of active capacity (28.8% of Europe's total). In 2020, Ukraine's underground gas storage facilities reached historical maximum capacity, containing 28.4 bcm due to strong injections by private traders looking for storage options after European storages were quickly filled.

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