global-hydrogen-hub global-hydrogen-hub global-hydrogen-hub
European Gas Hub Logo
No Result
View All Result
  • Premium Content
  • Blog
  • Events
  • Industry Links
    • Industry Association
    • Research Institute / Think Tank
    • Regulatory Body
    • Government Body
    • Consultant
    • Gas Prices
  • Videos
  • Other Hubs
    • GLOBAL LNG HUB
    • GLOBAL MARITIME HUB
    • THE COAL HUB
    • GLOBAL HYDROGEN HUB
    • CRITICAL MINERALS HUB
  • FREE TRIAL
  • My account
  • Login
Cart / €0.00

No products in the cart.

  • Premium Content
  • Blog
  • Events
  • Industry Links
    • Industry Association
    • Research Institute / Think Tank
    • Regulatory Body
    • Government Body
    • Consultant
    • Gas Prices
  • Videos
  • Other Hubs
    • GLOBAL LNG HUB
    • GLOBAL MARITIME HUB
    • THE COAL HUB
    • GLOBAL HYDROGEN HUB
    • CRITICAL MINERALS HUB
  • FREE TRIAL
  • My account
  • Login
European-Gas-Hub-Logo
No Result
View All Result
Home Gas Prices

Ukraine gas storage down at record low levels

Editor by Editor
2 months ago
Reading Time: 1 min read
Ukraine-gas
Share on FacebookShare on TwitterShare on Linkedin

Ukraine gas storage levels dropped to a record low of just over 1 bcm of effective working gas left in the country’s vast underground storage sites.

RELATED POSTS

global-gas-market

Europe’s exposure to a wild and volatile global gas market

47 minutes ago
TTF-power-and-carbon-prices

Cross-commodity correlation between TTF, power and carbon prices continued to strengthen

51 minutes ago
German-intraday-power-spreads

German intraday power spreads averaged at €125/MWh since the start of the year

6 days ago

Assuming similar withdrawals rates as last year, inventories could drop to 0.7 bcm by the end of the heating season, a level at which the withdrawal capacity is already restricted due to lower reservoir pressure levels.

Current stock levels in Ukraine are 2.5 bcm below their last year’s levels.

In addition, Ukraine’s domestic gas production facilities were heavily damaged by the latest Russian attacks.

According to first estimates, the country’s gas production dropped by near 40% and it could take several months to repair facilities and restore production.

Altogether, lower stock levels and lower domestic production means that Ukraine would need 4-5 bcm of additional imports from the European Union in order to fill up its storages to 13 bcm by the start of the heating season.

This would cost around €2-2.5 billion based on current forward curves.

Stronger EU piped gas exports will further tighten the European gas balance, but it would be an absolute necessity to ensure gas and energy supply security ahead of the 2024/25 heating season. This will ultimately require more solidarity and stronger LNG imports through the summer.

What is your view? How could Europe support Ukraine’s gas supply security and its gas procurement from European hubs?

Source: Greg MOLNAR


RELATED POSTS

global-gas-market

Europe’s exposure to a wild and volatile global gas market

47 minutes ago
TTF-power-and-carbon-prices

Cross-commodity correlation between TTF, power and carbon prices continued to strengthen

51 minutes ago
German-intraday-power-spreads

German intraday power spreads averaged at €125/MWh since the start of the year

6 days ago
Tags: Greg MolnarUkraine gas productionUkraine gas storage
Editor

Editor

Related Posts

global-gas-market
LNG

Europe’s exposure to a wild and volatile global gas market

47 minutes ago
TTF-power-and-carbon-prices
LNG

Cross-commodity correlation between TTF, power and carbon prices continued to strengthen

51 minutes ago
German-intraday-power-spreads
Supply and Demand

German intraday power spreads averaged at €125/MWh since the start of the year

6 days ago
European-gas-storage
Supply and Demand

European gas storage injection surge since end of April

2 weeks ago
natural-gas-markets
Gas Prices

The growing complexity of natural gas markets

4 weeks ago
LNG-exports
LNG

Russia aiming to increase LNG exports by 100bcm by 2030

4 weeks ago
No Result
View All Result

Trending Posts

gas-demand

Global industrial gas demand declines in Q1 2025

4 weeks ago
natural-gas-markets

The growing complexity of natural gas markets

4 weeks ago
TTF-power-and-carbon-prices

Cross-commodity correlation between TTF, power and carbon prices continued to strengthen

51 minutes ago
Load More

Recent Post

global-gas-market

Europe’s exposure to a wild and volatile global gas market

47 minutes ago
TTF-power-and-carbon-prices

Cross-commodity correlation between TTF, power and carbon prices continued to strengthen

51 minutes ago
German-intraday-power-spreads

German intraday power spreads averaged at €125/MWh since the start of the year

6 days ago
Load More
Logo

European Gas Hub is an online platform for sharing analysis and information about European natural gas markets more info

Categories

  • European Gas Prices
  • Energy Policy
  • European Gas Infastructure
  • European Gas Storage
  • Coal Market
  • Supply & Demand
  • Gas Supply & Demand
  • LNG
  • European Power Generation
  • Other

Recent Posts

Europe’s exposure to a wild and volatile global gas market

Cross-commodity correlation between TTF, power and carbon prices continued to strengthen

German intraday power spreads averaged at €125/MWh since the start of the year

Energise your Tuesday!

Sign up to receive our weekly newsletter with new European gas market reports, presentations & analysis. Every Tuesday.

Your subscription could not be saved. Please try again.
Your subscription has been successful.

By signing up, I agree to our TOS and Privacy Policy.

© 2020 EuropeanGasHub | All Rights Reserved

No Result
View All Result
  • Premium Content
  • Blog
  • Events
  • Industry Links
    • Industry Association
    • Research Institute / Think Tank
    • Regulatory Body
    • Government Body
    • Consultant
    • Gas Prices
  • Videos
  • Other Hubs
    • GLOBAL LNG HUB
    • GLOBAL MARITIME HUB
    • THE COAL HUB
    • GLOBAL HYDROGEN HUB
    • CRITICAL MINERALS HUB
  • FREE TRIAL
  • My account
  • Login

© 2020 EuropeanGasHub | All Rights Reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.