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European countries have withdrawn 45 billion cubic meters of gas from underground storage facilities

Photo: Ukrainian gas transport system operator

On the gas day of March 5, gas withdrawal reached 378 million cubic meters. m. At the same time, the injection is equal to 17 million cubic meters. m.

Since the beginning of the warming period, EU countries have withdrawn 45 billion cubic meters from underground storage facilities (UGS). m of gas. UGS stocks themselves remain record-breaking for the start of March. This was confirmed by the data of the association Gas Infrastructure Europe (GIE) on Tuesday, March 7.

Thus, on the gas day of March 5, the withdrawal of gas reached 378 million cubic meters. m. At the same time, the injection is equal to 17 million cubic meters. m.

The European heating season began on November 14, and since that moment, EU countries have taken 45 billion cubic meters from storage facilities. m of gas. At the same time, the total removal of gas from underground storage facilities on the 112th day from the moment of reaching their maximum filling is 12.09% lower than the average value for this day in the last 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.

Today UGS facilities in Europe are filled at 58.93% (21.21% higher than the average for this date in the last five years), they contain 63.98 billion cubic meters. m of gas.

Europe continues to increase LNG receipts from terminals, which rose to a record level in the second half of last week. The capacity of regasification of liquefied gas and its additional injection into pipelines in Europe is now loaded at 71% of the maximum. The average purchase price of gas in March decreased to $509 per thousand cubic meters. m. And on Monday, March 6, it dropped to nearly $450 for the first time since the end of July 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.

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Source: korrespondent

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