The highest levels of storage occupancy are in Portugal and Poland – 100% and 98.21% respectively.
European countries have filled their underground gas storage facilities by more than 65%. On Friday, July 22, TASS reports in relation to data from Gas Infrastructure Europe (GIE).
Thus, on July 20, gas reserves in European UGS facilities increased to a level of approximately 65.2%, which is 1.1% lower than the average for this date in the past five years. Today there are about 70 billion cubic meters in storage. m of gas. In 2021, such values were reached only on August 24.
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Previously, EU countries pledged to fill UGS facilities by at least 80% in the winter of 2022-2023 and by 90% in all subsequent winters.
The highest levels of storage occupancy are in Portugal and Poland – 100% and 98.21% respectively. UGS facilities in Germany were filled by 65.22%, France – by 72.99%, Italy – by 68.86%, Netherlands – by 59.2%, Bulgaria – by 42.5%, Denmark – by 84.1%, Hungary – by 47.67%, Austria – by 47.67% 50.27%, Czech Republic – by 76.31%, Belgium – by 68.98%, Latvia – by 49.04%.
If the July rate of gas injection at UGS facilities (an average of 0.35% per day) continues in the near future, then the total level of reserves in the European country may reach the target of 80% already in the first part of September. But Europe could face new challenges and a slowdown in filling its storage facilities amid heat waves in the region and a possible further drop in Nord Stream 1 gas pipeline throughput.
Supplies of liquefied natural gas (LNG) from terminals to the European gas transmission system since the beginning of July have been at a record rate for the month. LNG stocks in EU countries are 23% higher than in 2021 and 8% higher than the five-year average.
The regasification capacities of liquefied gas and its additional injection into pipelines in Europe are now loaded almost at the level of a technically possible maximum – about 72%.
Due to the record imports of EU countries, LNG in 2022 takes the lead in terms of its share in the total volume of gas supplies in Europe – 32%. In second place with a share of 25% are gas supplies from the East (Russian gas, gas supplies from Ukraine, as well as withdrawal of their gas by European companies from UGSFs in Ukraine ), in third place with 24% are supplies from the North Sea (mainly gas from Norway).
At the same time, according to the available data for July, the share of LNG is even higher – 36%, for deliveries from Norway – 27%, the share of Russian gas supplies fell to 13%. And during the scheduled maintenance on Nord Stream 1 (July 11-21), EU countries’ gas imports from North Africa and the UK exceeded flows from Russia.
Recall that by 2022 EU countries have significantly reduced their dependence on Russian energy carriers. Average monthly imports of pipeline gas from Russia decreased by 33% year-on-year.
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Source: korrespondent
I am Dylan Hudson, a dedicated and experienced journalist in the news industry. I have been working for Buna Times, as an author since 2018. My expertise lies in covering sports sections of the website and providing readers with reliable information on current sporting events.