Insight

European gas storage is overflowing - can Ukraine provide a lifeline?

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09 April 2020

European gas storage is overflowing - can Ukraine provide a lifeline?

Report summary

By the end of March, Europe still had 57 bcm of storage in place, a record by some distance for this time of year. This further weakens an already oversupplied summer market, as storage injections will be severely constrained. However, as suppliers and buyers look to place gas in the market there is potential to use the so far underutilised Ukrainian storage facilities to park some of this gas until the market improves either next winter of during following years. In this Insight we review the storage market and look at the possibility of using this capacity in Ukraine.

Table of contents

  • Introduction
  • Winter 2020 storage utilisation
  • Summer fill 2020
  • Ukraine Storage Availability
  • Conclusions

Tables and charts

This report includes 7 images and tables including:

  • Monthly European storage inventory
  • European storage withdrawals 1Q2020
  • TTF price differentials and daily storage withdrawals
  • Individual country positions at the end of March
  • European storage fill requirements for summer 2020
  • Historical Ukrainian storage utilisation
  • Summary of costs for storing and transmitting gas via Ukraine

What's included

This report contains:

  • Document

    Storage Insight April 2020.xlsx

    XLSX 163.20 KB

  • Document

    European gas storage is overflowing - can Ukraine provide a lifeline?

    PDF 842.85 KB