Europe’s underground storage facilities are currently 98.44% full, or 8.58% higher than the average for this date over the past five years.
Total natural gas reserves in European countries set a new absolute maximum on record. This was confirmed by data from the Gas Infrastructure Europe (GIE) association on Monday, October 23.
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Currently, Europe’s underground gas storage facilities (UGS) are 98.44% full, or 8.58% higher than the average for this date in the past five years – they contain 108.37 billion cubic meters. m of gas.
On the last day of gas – October 21 – the removal of gas from underground storage facilities (UGS) in EU countries reached 22 million cubic meters. m. At the same time, the injection reached 201 million cubic meters. m. Overall, inventories rose another 0.16%.
European countries filled their underground gas storage facilities to the target of 90% for the heating season in mid-August. Previously, the European Commission expected to achieve such indicators only in November.
Warming is expected this week in Central and Western Europe. The share of wind power in EU electricity generation rose to 21% in October.
The flow of liquefied gas from terminals to the European gas transmission system increased slightly, but it is still at a minimum since December 2021. At present, the capacity for regasification of liquefied gas and its subsequent injection into European pipelines is loaded at 48% of maximum. The average gas purchase price in September in Europe was $417 per 1 thousand cubic meters. m, and in October – $496.
We remind you that European countries filled their UGS facilities with gas to the target of 90% in mid-August. Previously, the European Commission expected to achieve such indicators only in November.
Previously, the absolute highest occupancy of EU underground gas storage facilities was observed on October 16 of this year – 97.89%.
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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.