Ukraine is facing a looming gas crisis as it is projected to deplete the majority of its gas reserves this heating season. The state-owned company "Naftogaz" is struggling financially and will likely need to acquire additional gas volumes in the spring, further exacerbating its debt burden.

Experts are warning that Ukraine may have to import a substantial amount of gas, estimated at 4.5-5 billion cubic meters, in the following year due to a drop in domestic gas production and financial constraints at "Naftogaz." This precarious situation is causing significant concern as Ukraine braces for the approaching winter months.