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Gas reserves at European UGS facilities fall below 75%

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Today, the level of reserves in the UGS facilities is the highest in the entire history of observations – more than 80 billion cubic meters. m of gas.

Gas reserves in underground storage facilities (UGS) in Europe have fallen below 75% and remain at historical maximums for this time of year due to favorable weather. This was confirmed by the data of the association Gas Infrastructure Europe (GIE) on Monday, January 30.

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On the gas day of January 28, stocks in the EU fell by 0.6% points to 73.9%. This is 20% higher than the average for the same date in the past five years. Gas withdrawal reached 546 million cubic meters. m, while the injection to them is 20 million cubic meters. m. UGS facilities contain slightly more than 80 billion cubic meters. m of gas.

At the same time, a noticeable warming is expected in Europe this week, and applications for the transfer of Russian gas to the territory of Ukraine remain at a reduced level, having fallen by 44% since the beginning of January .

The warm weather in October, November and January, as well as savings measures, led to the fact that today the level of reserves in UGS facilities is the highest recorded. This strengthens the confidence of the authorities in the safe passage of winter.

Since the beginning of January, European LNG terminals have been operating at 63% capacity, compared to an average of 67% in December. January imports decreased by 5% compared to December. LNG stocks in the tanks of the receiving terminals are further decreasing. This suggests that the flow of new LNG cargoes in the region is declining.

It will be remembered that in the auction last Friday, the price of gas in Europe fell below $600. The fall in gas prices was facilitated by its glut in the European market and the forecast for relatively warm weather this week.

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Source: korrespondent

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