Ukraine ended its winter heating season with reserves at 15.8 billion cubic meters – the highest level in 30 years and twice the average level of the last five heating seasons

Ukraine ended its winter heating season with reserves at 15.8 billion cubic meters – the highest level in 30 years and twice the average level of the last five heating seasons. Although European gas prices are down 60% y-o-y, Ukraine is expected to buy little gas before the next hearing season starts, usually late October. Alfa-Bank Ukraine concludes: “All this turns natural gas from every year’s word of macroeconomic worries into just a moderate-sized item of imports.”