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Gas reserves in EU up above 90 bcm again, gas intake at lowest point for December

The heating season in Europe began on November 14, and since that moment, the EU countries have taken 15.42 billion cubic meters of gas from storage facilities

MOSCOW, December 28. /TASS/. Gas reserves in underground storage facilities (UGS) of the European Union again exceeded 90 billion cubic meters amid a record gas pumping.

Gas pumping continues to be more than 2 times higher than withdrawal from UGS, which is at an all-time low for the end of December. Temperatures above the climate norm have led to a noticeable decrease in gas consumption in Europe and a rapid drop in prices, and the current week is expected to be no less warm.

According to Gas Infrastructure Europe (GIE), gas withdrawal from UGS facilities in the EU countries on December 26 amounted to only 107.5 million cubic meters (the lowest figure for this day for the entire period of GIE observation since 2011), while the injection in them is 220.5 million cubic meters.

The heating season in Europe began on November 14, and since that moment, the EU countries have taken 15.42 billion cubic meters of gas from storage facilities. At the same time, the total gas withdrawal from UGS facilities on the 43rd day from the moment of reaching their maximum filling is 26% higher than the average value for this day over the previous five years.

Now UGS facilities in Europe are filled to 83.21% (11.9 percentage points (p.p.) higher than the average for this date over the past 5 years), they contain 90.05 billion cubic meters of gas.

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FACTBOX: Collective Security Treaty Organization

The Collective Security Treaty came into force on April 20, 1994 to herald the emergence what would eventually become the Collective Security Treaty Organization. The six member-countries are Russia, Armenia, Belarus, Kazakhstan, Kyrgyzstan, Tajikistan