2025
Ukraine entered the season with record-low gas reserves in underground gas storage (UGS). As noted by Roman Kravets, head of the LNZ Energo division of the company LNZ Group, these volumes put pressure on the domestic price, which in fact equalled the import price or even exceeded it.
"This summer we in fact returned to the pre-war logic of the market: imports form the domestic price. And this is a new reality — with all its limitations in infrastructure, contracts and volumes," he notes.
Roman Kravets also adds that part of the gas consumers, in particular elevators, have alternative sources (drying on biomass and so on), and therefore at a certain price level may not use gas at all. Roman Kravets, head of the LNZ Energo division
"Those who have not yet stocked up either wait, or will work according to the situation. On the market sellers want to sell high, and buyers — to buy low. However, almost no deals are concluded," he says. At present the situation with gas reserves is stabilising, says Khaliavka. Thanks to active imports and a revival of own extraction, the injection of gas into underground storage is going quite dynamically — about 50 million cubic metres per day. So, according to him, the question of the physical availability of gas is no longer critical. The problem is in the cost. "Gas is expensive, and it is exactly this that today restrains the full-fledged restoration of fertiliser production in Ukraine. Simply put: the raw material is there, but the cost is unacceptable for many players," adds the producer.
