Gas prices in Europe are currently at $1,189 per thousand cubic meters, and the December futures price is $1,232.
European countries are actively increasing the withdrawal of gas from underground storage facilities (UGS). On the day of November 20, 108 million cubic meters were used. m – or 0.1% of their volume, Interfax reports on Tuesday, November 22.
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It was noted that the gas withdrawal for the last reporting day reached the highest value since the beginning of the consumption of reserves – November 14.
The current stock level in European UGS facilities is 95.04%, which is 9.2% higher than the average for the same date in the past five years.
At the same time, European LNG receiving terminals are increasing regasification volumes. Since the beginning of November, their capacity utilization rate is 66%, while the average for October is 60%.
At the same time, gas prices in Europe are currently at $1,189 per thousand cubic meters, and the December futures price is $1,232.
Recall that in early September, the EU imported from the United States more than 40 billion cubic meters of gas in the form of LNG, which is almost twice as much as in the whole of last year.
It was also reported that the share of Russian gas in EU imports fell four times – up to 9%. Now the main supplier is Norway.
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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.