The average purchase price of natural gas in February fell to $583 per 1,000 cubic meters.
European countries ended the winter with record gas reserves in underground storage facilities (UGS). This was confirmed by the data of the association Gas Infrastructure Europe (GIE) on Wednesday, March 1.
Today the European UGSFs are filled at 61.65% (21.61% points higher than the average for this date in the last five years). They contain 66.94 billion cubic meters. m of gas.
On February 27, the removal of gas from EU storage facilities reached 600 million cubic meters. m. At the same time, the injection is equal to 18 million cubic meters. m.
The European heating season began on November 14, and since that moment, EU countries have taken 42.1 billion cubic meters from storage facilities. m of gas. At the same time, the total gas withdrawal from the UGS facilities on the 106th day from the moment they reached their maximum filling was 12.45% lower than the average value for that day in the previous five years. The last season of gas extraction from European underground storage facilities ended on March 19, 2022, when only 25.5% of reserves remained in them.
The current week in Europe has been colder than the previous one, which has already led to an increase in gas withdrawals. Temperatures in many EU countries are at the level of climate standards.
At the same time, Europe increased the supply of LNG from terminals to the gas transmission system to the highest since the beginning of December. The regasification capacities of liquefied gas and its additional injection into European pipelines are now loaded at 67% of the maximum. The average purchase price of gas in February decreased to $583 per 1,000 cubic meters. m.
The day before it was reported that in 2022 gas consumption in Europe will decrease by 13% or more than 70 billion cubic meters. m. This is the region’s strongest decline in demand in history.
It was also found that the European Union saved 12 billion euros after the refusal of gas from Russia.
news Correspondent.net on Telegram. Subscribe to our channel Athletistic
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.