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Europe pumped gas into UGS facilities at a record pace in March

Photo: tap-ag.com

On the gas day of March 25, the removal of gas from European UGS facilities reached 57 million cubic meters. m. At the same time, the injection exceeded 200 million cubic meters. m.

In Europe, underground natural gas storage (UGS) injections rose for four days in a row due to warm weather. This was confirmed by the data of the association Gas Infrastructure Europe (GIE) on Monday, March 27.

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On the gas day of March 25, the removal of gas from European UGS facilities reached 57 million cubic meters. m. At the same time, the injection reached 203 million cubic meters. m.

Today UGS facilities in Europe are filled at 56.04% (21.92% higher than the average for this date in the last five years), they contain 60.82 billion cubic meters. m of gas.

The current heating season in Europe began on November 14, 2022, and since then, EU countries have withdrawn 49.86 billion cubic meters from storage facilities. m of gas. At the same time, the total gas withdrawal from the UGS facilities on the 131st day from the moment of reaching their maximum filling was 18.31% 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 the reserves remained in them.

However, this week Europe will see a noticeable drop in temperature, which means the continuation of the picking season.

Recall that in March the average purchase price of gas in Europe fell to $496 per thousand cubic meters. m. And on March 20, it dropped to $430 for the first time since the end of July 2021.

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Source: korrespondent

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