Since the beginning of the year Ukraine has imported 8 bcm of natural gas from Europe

Volumes of gas imports from Europe as of July 15, 2020, since the beginning of the year has surpassed 8 bcm, having amounted 8.056 bcm. This was reported by the press service of the Gas TSO of Ukraine LLC (GTSOU).

 Compared to the same period of 2019, imports of natural gas into Ukraine increased by 25%. The figure is also record high over the last 5 years.

More than half of natural gas imports were from Slovakia (4.605 bcm, or 57% share in total imports), trailed by Hungary (2.408 bcm, or 30 % share), and Poland (1.043 bcm, or 13 % share).

Virtual reverse imports of natural gas became available in early 2020. In total, there were 2.5 bcm of virtual gas was imported, of which 1.3 bcm was from Hungary, 1 bcm from Poland, and 219 mcm from Slovakia.

According to the Gas TSO of Ukraine LLC, since the beginning of the year, 56%, or 4.5 bcm of imported natural gas have been injected into the Ukrainian underground gas storages under the “customs bonded warehouse” regime. Of those, 36% (1.6 bcm) came as short-hauls.

During the first half of July 2020 imports amounted to 1.026 bcm, which was by 21% (or by 175 mcm) more than during the same period of 2019.

“Such an increase in imports was due to a significant increase in demand from European companies for natural gas storage in Ukrainian underground gas storage facilities under the “customs bonded warehouse” regime. Due to the fullness of European natural gas storage facilities and attractive tariffs and services, this year Ukraine is breaking records for gas injection into its underground natural gas storage facilities, and is taking an important step towards becoming a European gas hub,” the GTSOU said.

09:49 / 17 July, 2020

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