In reverse

In reverse, gas transportation from Europe to Ukraine hit almost 16 bcm last year, 12% more than in 2019 and 27% more than the annual average for 2016-18. About 10 bcm went into storage as 52 Ukrainian companies and 30 foreign ones took advantage of Ukraine’s new ‘short-haul’ and ‘customs warehouse’ storage regimes. With the start of the European winter heating system, draw down from storage started in November. Today, EU gas prices are at a 2-year high. Next April, Ukraine will have 7 bcm of available storage space, forecasts Ukrtransgaz.