Europe & Russia: Storage
Ukraine is moving towards the end of the injection season with low levels of gas in stock and a deal for direct Russian supplies yet to be secured.
Ukraine had around 13.6 bcm of gas in storage by the middle of September, with facilities roughly 42% full. At the same time last year it had around 15 bcm and stock levels hit the government target of 17 bcm before the start of the winter withdrawal season at the end of October. Last year’s storage builds were supported by Russian supplies, but stock builds have been reliant on reverse flows and domestic production so far this injection season.