Today Europe’s storage facilities are 56.5% full. They contain 61.4 billion cubic meters of gas.
In European countries, the extraction of gas from underground storage facilities (UGS) began to decrease sharply, while the injection into them began to grow. This was confirmed by the data of the association Gas Infrastructure Europe (GIE) on Tuesday, March 14.
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So, for the gas day on March 12, the withdrawal reached 207 million cubic meters. m. At the same time, the injection increased to 50 million cubic meters. m. For comparison, a week ago, these numbers were 378 million cubic meters. m and 17 million cubic meters. m respectively.
Since the start of the European heating season on November 14, EU countries have withdrawn 47.92 billion cubic meters from storage facilities. m of gas. At the same time, the total gas withdrawal from the UGS facilities on the 119th day from the moment they reached their maximum filling was 12.43% 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.
Today the UGS facilities in Europe are filled by 56.5% (20.32% higher than the average for this date in the last five years), they contain 61.4 billion cubic meters. m of gas.
The current week in Europe as a whole is predicted to be warmer than the previous one. In the first half of the week, temperatures in many EU countries will exceed climatic standards, in the middle of the seven-day period they will drop to the level of the previous week, and at the end of the week they will rise. again.
The average purchase price of gas in March decreased to $498 per thousand cubic meters. m. On March 9, it dropped completely to $450 for the first time since the end of July 2021. However, by the end of the week there was a sharp increase in the price and it rose to almost $600.
It was previously 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.
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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.