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European gas stocks fall below 90%

The heating season began in Europe on November 14, and since that moment, EU countries have already drawn 6.86 billion cubic meters from storage facilities. m of gas.

The withdrawal of natural gas from the underground storage facilities (UGS) of the EU countries exceeded 0.5 billion cubic meters. m per day, and the total level of stocks fell below 90%. This was confirmed by data from Gas Infrastructure Europe (GIE) on Friday, December 9th.

UGS facilities in Europe are currently filled at 89.93%, they contain 97.3 billion cubic meters. m of gas. All EU countries practice net extraction of gas from storage facilities. The heating season began in Europe on November 14, and since that moment, 6.86 billion cubic meters of water have been pumped out of storage facilities. m of gas.

At the same time, a noticeable cooling is expected in Europe at the end of this week. So, the German Federal Network Agency in its forecasts focuses on the fact that the temperature this week will be 2.38 degrees below the average for the past four years. This should lead to an increase in gas consumption in the country.

At the same time, the EU is also increasing the flow of liquefied natural gas (LNG) from terminals to record levels. LNG regasification capacities and its additional injection into European pipelines are now loaded at 74% of maximum.

At the same time, LNG is being bought at current high prices. Since the beginning of December, the average price of gas has been around $1,500 per thousand cubic meters. m. But the day before the price exceeded $1700.

Recall that this autumn the level of gas reserves in Europe exceeded 95%, which is 9% higher than the average of the last five years.

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Source: korrespondent

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