EUgasprices2021

gambling on starting the heating season in mid-October with one third less gas than the 28.4 billion cubic meters stockpiled last fall. Yuriy Vitrenko, Naftogaz CEO, said Tuesday the company plans to increase stocks to 19 bcm, only 6% above current levels. He said Ukraine traditionally enters the winter heating season with only 16 bcm in its underground storage reservoirs.

said Serhiy Makogon, the Director General GTS Ukraine Operator, wrote yesterday on Facebook. “Today at the European hub TTF, the price of gas with delivery next month crossed the border of 40 euros per megawatt-hour,” he wrote. “This is a historic maximum. And this is 10 times more than in May last year.”