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Gas reserves in Europe exceed 90 billion cubic meters

The highest levels of storage occupancy are in Portugal and Poland, the lowest in Latvia and Bulgaria.

Gas reserves in underground storage facilities in Europe exceed 90 billion cubic meters. m with a maximum capacity of approximately 108 billion cubic meters. m. This was confirmed by the data of Gas Infrastructure Europe (GIE) on Monday, September 12.

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So, last Saturday (data was published with a two-day delay – ed.), gas reserves in European UGS facilities increased to 83.61% – 0.85% higher than the average for this date in the past five years. Today they contain more than 90 billion cubic meters. m of gas. The maximum capacity of European gas storage facilities, according to GIE, is 107.7 billion cubic meters. m.

As you know, EU countries have pledged to fill UGS facilities by at least 80% in the winter of 2022-2023 and in 90% of all subsequent winter seasons. In 2021, the maximum filling of storage facilities was observed on October 21 – just over 83 billion cubic meters. m (77.28%).

However, the average UGS fill rate in September was about 0.33% per day, the lowest since spring. If in the near future they remain at this level, then the indicator of stocks of 85% will be reached this week, and 90% at the beginning of October.

The highest storage occupancy rates are in Portugal and Poland – 100% and 99.13% respectively. Also among the leaders in terms of reserves are France (93.81%), Denmark (94.01%), Belgium (89.49%) and Sweden (90.81%).

UGS facilities in Germany were filled by 87.95%, in Italy – by 85.41%, in Spain – by 86.23%, in the Netherlands – by 82.79%, in the Czech Republic – by 83.08%, and in Slovakia – by 82.04%.

Among the outsiders in terms of UGS occupancy are Latvia (50.9%), Bulgaria (66.6%), Hungary (66.68%), Austria (70.69%) and Romania (77.87%). In all other EU countries where GIE collects data, the level of gas reserves exceeds 80%.

The filling of storage facilities is mainly due to the purchase of liquefied natural gas (LNG). Its flow from terminals to the European gas transmission system in September continues at a record pace for September. The regasification capacities of liquefied gas and its additional injection into European pipelines are now loaded at 54.3% of the maximum.

Liquefied gas in 2022 is leading in terms of its share in the total volume of gas supplies in Europe – 32%. In second place with a share of 25% are supplies from the North Sea (mainly Norwegian gas), in third place with 23% are gas supplies from the eastern direction – Russian gas, as well as European companies which take their gas from Ukrainian underground gas storage facilities.

At the same time, in September the share of LNG was higher – 35%, supplies from Norway – 29%, and the share of Russian gas supplies fell to 10%. At the same time, the share of supplies from North Africa increased to 12%, and the UK – up to 10%.

It will be remembered that from the beginning of 2022, the EU has received more than 40 billion cubic meters of gas in the form of LNG from the United States, which is almost twice as much as the total of the previous year.

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Source: korrespondent

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