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Ukrainian Gas Storage Injections Increasing Since May
Ukrainian storage injections have been gradually increasing since May and storage levels are expected to continue to build unless temperatures fall below normal in the Sep and Oct shoulder months.
- Storage injections or withdrawals in Ukraine can historically vary in direction during the months of September and October.
- Ukraine storage is up to 29.74% full at 95.75TWh according to GIE data for 23 August.
- Foreign companies have been storing natural gas in Ukraine with European storage gradually filling towards capacity and up to 91.86% full already on 23 August.
- A reduction in Norwegian supplies during maintenance over the next month and any LNG strikes in Australia could pressure the end of summer season storage injection rates.
Source: Center on Global Energy Policy
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.