Since the beginning of the heating season 2016-2017, Ukraine has used 6.4 bcm of gas from its underground gas storage (UGS) facilities, which is 0.6 bcm (9%) less than during the first five months of the heating season 2015-2016 and 2.2 bcm (25%) less than during the corresponding period of the heating season 2014-2015. As of the end of February 2017, Ukraine had over 8.3 bcm of gas in its UGS facilities against the forecasted 8.0 bcm.
“This winter was rather severe, however, we are entering the last month of the season with very comfortable gas levels in the underground storages. With these reserves, we will safely pass the rest of the heating season, even if the temperature drops to -20°C in March. Due to the proper gas procurement planning, Naftogaz has been securely supplying the fuel to Ukrainian consumers and transmitting gas to the EU flawlessly, for the third winter in succession,” said Andriy Kobolyev, Naftogaz CEO.
The daily withdrawal from the Ukrainian UGS facilities amounted to 21-26 mcm by the beginning of March. The required technical minimum volume of gas in Ukraine's UGS facilities is estimated at 4.7 bcm. The lowest historical reserves of gas at the end of the heating season were recorded at below 6.0 bcm in April 2013.
Background information: Naftogaz has no commitments to Gazprom with respect of maintaining any gas volumes in the Ukrainian UGS facilities. In the same time, Gazprom is failing to fulfil its existing obligations under the transit contract such as maintaining the required pressure at the entry points to Ukraine’s GTS, keeping daily orders within the limits and ensuring quality of gas transmitted to the EU states.
As a reliable partner of the EU, Ukraine continues uninterrupted gas transit to European customers despite numerous infringements by the Russian side.