The current level of gas reserves in Europe is down to 82.33% – this is 18% higher than the average in mid-January over the past five years.
The price of natural gas in Europe rose again above $700 per thousand cubic meters. This was found out on Friday, January 13th.
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So, after last Wednesday’s price drop, the “one-day-ahead” delivery contract at the TTF hub in the Netherlands recovered to $728 per thousand cubic meters. February futures – $778.
Asian quotes are now higher than European ones. February futures on the JKM Platts index (Japan Korea Marker, reflecting the spot market value of cargo shipped to Japan, South Korea, China and Taiwan) – $955.
Electricity generation from wind turbines in Europe during the four days of the current week provided an average of 27% of the energy balance in the EU (on Thursday it was 30%) after 24% on average last week , according to data from the WindEurope association.
The current level of inventory in Europe is down to 82.33%, which is 18% higher than the average for the same date in the last five years, according to Gas Infrastructure Europe (GIE). Today the UGS facilities contain 89.15 billion cubic meters. m of gas
On the gas day on January 11, reserves decreased by 0.22% – 283 million cubic meters. m (lowest since 2014). This is almost twice less than the average these days in recent years. At the same time, the injection at the UGS facilities reached 43 million cubic meters. m.
Since the beginning of January, European LNG terminals have been operating at 63% capacity, compared to an average of 67% in December.
It will be remembered that the President of Russia Vladimir Putin lost his gas blackmail in Europe. This is what Vice-Chancellor, German Economy Minister Robert Habek said.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.