Europe continues to increase LNG revenues, which rose to a record level in the second half of last week.
Gas reserves in underground storage facilities (UGS) in Europe have fallen below 60%, but remain record-breaking for this time of year. This was confirmed by the data of the association Gas Infrastructure Europe (GIE) on Monday, March 6.
function news4568418() {
$.get(‘//’ + window.location.host + ‘/ajax/module.aspx?spm_id=444&id=4568418&lang=2&IsAjax=true’, function (data) { $(‘#nk4568418’).html(data); });
}
news4568418();
Thus, on the gas day on March 4, the removal of gas from storage facilities reached 363 million cubic meters. m. And the injection is at the level of 24 million cubic meters. m. Today the European UGSFs are filled to 59.24% (21.17% higher than the average for this date in the last five years), they contain 64.32 billion cubic meters. m of gas.
The European heating season began on November 14, and since that moment, EU countries have taken 44.61 billion cubic meters from storage facilities. m of gas. At the same time, the total gas removal from the UGS facilities on the 111th day from the moment they reached their maximum filling was 12% lower than the average value for that day in the previous five year.
The last season of gas extraction from European underground storage facilities ended on March 19, 2022, when only 25.5% of the reserves remained in them.
At the same time, Europe continues to increase LNG revenues, which rose to a record level in the second half of last week. The regasification capacities of liquefied gas and its additional injection into pipelines in Europe are now loaded at 72% of the maximum.
Recall that the average purchase price of gas in March fell to $509 per thousand cubic meters. m. And on Friday, March 3, it dropped below $500 for the first time since August 23, 2021.
It was also found 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.
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.