Natural gas re-export from the "customs warehouse" of Ukrainian UGS reached a historical maximum

The daily volume of natural gas re-export, stored in the "customs warehouse" of Ukrainian UGS, reached 31.9 mcm on December 1, according to ExPro calculations. This is the highest daily export level in the entire history of observations.

The main part of gas is exported to Slovakia - 14.3 mcm, to Poland - 12.6 mcm, and to Moldova - 5 mcm.

The volume of natural gas exports from the "customs warehouse" of Ukrainian UGS in November 2023 amounted to 281.5 mcm, according to ExPro calculations. Compared to October, export volumes increased 26 times. It is also the highest export level in the last two years - since December 2021.

The main part of gas in November was exported to Poland - 142.5 mcm or 51% of all supplies, to Moldova - 85.8 mcm or 30%, to Slovakia - 51.6 mcm or 18.4% and to Hungary - 1.7 mcm or 0.6%.

The increase in the volume of gas exports from the "customs warehouse" is connected with the beginning of the heating season both in Ukraine and in Europe. The companies that injected gas into Ukraine in the previous months already exported it back to Europe in November. High gas prices, which remained on the European market in November, also contributed to the growth of export volumes.

As of November 30, 3.107 bcm of natural gas were stored in the "customs warehouse" of the Ukrainian UGS, which is almost twice as much as last year. It is expected that the volume of gas re-exports will remain at a high level in December.

Read more about natural gas reserves in Ukrainian storage facilities, as well as the market balance, in ExPro Natural gas publications. You can subscribe by emailing [email protected].