The European heating season began on November 14, and since then 9.75 billion cubic meters have been pumped out of storage facilities. m of gas.
Extraction of gas from underground storage facilities in Europe is approaching record values for these calendar dates throughout the history of observations. This was confirmed by the data of the association Gas Infrastructure Europe (GIE) on Wednesday, December 14th.
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So, for the day of December 12, reserves “lost weight” by 0.69% or 756 million cubic meters. m. This is a new maximum since the beginning of the picking season. This is also the second largest daily sample volume on this date in the entire history of GIE observations (there were more in 2017).
The European heating season began on November 14, and since that moment, EU countries have taken 9.75 billion cubic meters from storage facilities. m of gas. UGS facilities are currently 87.34% full (10.85% higher than the average for this date in the past five years), they contain 94.5 billion cubic meters. m of gas.
At the same time, at the end of the week, the forecast promises clear or partly cloudy weather in Europe with frost at night. This will require more intensive burning of gas reserves.
Since the beginning of December, European LNG terminals have been operating at 69% capacity, the same as in November. At the same time, for the last five reporting days (December 8-12), the percentage of regasification capacities used was slightly lower – 63-67%. The stocks of LNG in the receiving tanks of the terminals are decreasing – this indicates that new batches of liquefied gas will arrive in Europe more slowly than it is consumed by the market.
Today gas prices in Europe at the TTF hub in the Netherlands are $1,517 per thousand cubic meters.
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
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.