Latest news with #ExPro
Yahoo
14-05-2025
- Business
- Yahoo
Ukraine gas reserves are at lowest level in 11 years, analyst ExPro says
KYIV (Reuters) -Gas volumes in Ukrainian storage facilities are at the lowest level in at least 11 years, standing at 6 billion cubic metres (bcm) as of May 11, analytical company ExPro said on Wednesday. Ukraine has been forced to ramp up gas withdrawals from storage and increase imports this winter and spring after Russian missile attacks damaged production facilities in the east of the country. ExPro noted that storage facilities, whose capacity exceed 30 bcm, were less than 20% full, compared to 31.7% at the same date in 2024, when they held 8.8 bcm of gas. It said that since the beginning of the current injection season in mid-April, 610 million cubic meters of gas had been pumped into storage facilities, including 258 million in April. "Injection volumes in May 2025 are higher than in May last year. Overall, more than 350 million cubic metres of natural gas have been injected into storage facilities since the beginning of the month, 33% more than in the same period last year," ExPro said. The company forecast that Ukraine could have about 6.6 bcm of gas in reserve by the end of May. The former head of the Ukrainian gas transit operator, Serhiy Makogon, said last month that the country needed to import up to 6.3 billion cubic metres of gas for the 2025/26 winter season as reserves have fallen to a record low due to war-related damage to some facilities. He said Ukraine would need up to $3 billion for gas purchases. Ukraine's state oil and gas firm Naftogaz has said it was in talks with the government and international financial institutions to raise 1 billion euros ($1.1 billion) to purchase over 2 bcm of gas for the 2025/26 heating season. Naftogaz has said it also contracted 300 mcm of American LNG with deliveries from Poland's Orlen.
Straits Times
14-05-2025
- Business
- Straits Times
Ukraine gas reserves are at lowest level in 11 years, analyst ExPro says
Employees work at a gas well of Ukraine's state energy company Naftogaz, as Russia's attack on Ukraine continues, in Lviv region, Ukraine October 1, 2022. REUTERS/Pavlo Palamarchuk/File Photo Ukraine gas reserves are at lowest level in 11 years, analyst ExPro says KYIV - Gas volumes in Ukrainian storage facilities are at the lowest level in at least 11 years, standing at 6 billion cubic metres (bcm) as of May 11, analytical company ExPro said on Wednesday. Ukraine has been forced to ramp up gas withdrawals from storage and increase imports this winter and spring after Russian missile attacks damaged production facilities in the east of the country. ExPro noted that storage facilities, whose capacity exceed 30 bcm, were less than 20% full, compared to 31.7% at the same date in 2024, when they held 8.8 bcm of gas. It said that since the beginning of the current injection season in mid-April, 610 million cubic meters of gas had been pumped into storage facilities, including 258 million in April. "Injection volumes in May 2025 are higher than in May last year. Overall, more than 350 million cubic metres of natural gas have been injected into storage facilities since the beginning of the month, 33% more than in the same period last year," ExPro said. The company forecast that Ukraine could have about 6.6 bcm of gas in reserve by the end of May. The former head of the Ukrainian gas transit operator, Serhiy Makogon, said last month that the country needed to import up to 6.3 billion cubic metres of gas for the 2025/26 winter season as reserves have fallen to a record low due to war-related damage to some facilities. He said Ukraine would need up to $3 billion for gas purchases. Ukraine's state oil and gas firm Naftogaz has said it was in talks with the government and international financial institutions to raise 1 billion euros ($1.1 billion) to purchase over 2 bcm of gas for the 2025/26 heating season. Naftogaz has said it also contracted 300 mcm of American LNG with deliveries from Poland's Orlen. REUTERS Join ST's Telegram channel and get the latest breaking news delivered to you.
Reuters
14-05-2025
- Business
- Reuters
Ukraine gas reserves are at lowest level in 11 years, analyst ExPro says
KYIV, May 14 (Reuters) - Gas volumes in Ukrainian storage facilities are at the lowest level in at least 11 years, standing at 6 billion cubic metres (bcm) as of May 11, analytical company ExPro said on Wednesday. Ukraine has been forced to ramp up gas withdrawals from storage and increase imports this winter and spring after Russian missile attacks damaged production facilities in the east of the country. ExPro noted that storage facilities, whose capacity exceed 30 bcm, were less than 20% full, compared to 31.7% at the same date in 2024, when they held 8.8 bcm of gas. It said that since the beginning of the current injection season in mid-April, 610 million cubic meters of gas had been pumped into storage facilities, including 258 million in April. "Injection volumes in May 2025 are higher than in May last year. Overall, more than 350 million cubic metres of natural gas have been injected into storage facilities since the beginning of the month, 33% more than in the same period last year," ExPro said. The company forecast that Ukraine could have about 6.6 bcm of gas in reserve by the end of May. The former head of the Ukrainian gas transit operator, Serhiy Makogon, said last month that the country needed to import up to 6.3 billion cubic metres of gas for the 2025/26 winter season as reserves have fallen to a record low due to war-related damage to some facilities. He said Ukraine would need up to $3 billion for gas purchases. Ukraine's state oil and gas firm Naftogaz has said it was in talks with the government and international financial institutions to raise 1 billion euros ($1.1 billion) to purchase over 2 bcm of gas for the 2025/26 heating season. Naftogaz has said it also contracted 300 mcm of American LNG with deliveries from Poland's Orlen ( opens new tab.
Reuters
01-05-2025
- Business
- Reuters
Ukraine cuts power imports by 31% in April vs March, consultancy says
KYIV, May 1 (Reuters) - Ukraine, whose power system has been under constant Russian missile and drone attacks, reduced electricity imports by 31% in April after an 11% increase in March thanks to warm weather, Ukrainian ExPro consultancy said on Thursday. The consultancy said Ukraine imported 187 gigawatt hours in April against 272 GWh in March. ExPro said most of the electricity - 44% - was supplied from Hungary. Ukraine also imported electricity from Slovakia and Poland. Ukrainian officials have said the Russian attacks deprived Ukraine of half of its generating capacity, some of which Kyiv has managed to restore.
Reuters
01-04-2025
- Business
- Reuters
Ukraine power imports rise 11% in March, consultancy says
KYIV, April 1 (Reuters) - Ukraine, whose power system has been under constant Russian missile and drone attacks, increased electricity imports by 11% to 272 Gigawatt hours in March from February, Ukrainian ExPro consultancy said on Tuesday. ExPro said in a report that 42% of the volume was imported from Hungary, 19% from Slovakia, 18% from Poland and 16% from Romania. Ukrainian officials have said the Russian attacks deprived Ukraine of half of its generating capacity, some of which Kyiv has managed to restore. Last month the United States reached separate deals with Ukraine and Russia to pause their attacks at sea and against energy targets, but both sides have since accused each other of violating the agreements.
