Gas reserves in European UGS facilities reach over 86%, gas prices rise by 5.6%
Currently, European underground gas storage facilities are filled to 86.48% (8.67 percentage points higher than the average for this date over the past five years), they contain about 95.2 bln cubic meters of gas
MOSCOW, August 8. /TASS/. Gas reserves in European underground gas storage (UGS) facilities exceeded 86%, but are still slightly below last year's level, when UGS facilities were filled to more than 87%. Meanwhile, the price of gas on the European exchange rose the day before by 5.6% to $439 per 1,000 cubic meters amid concerns about Ukrainian transit, currently trading at around $434.
According to Gas Infrastructure Europe (GIE), as of August 7, gas injections into underground gas storage facilities in EU countries amounted to 260.6 mln cubic meters, withdrawals - 36.7mln cubic meters.
Currently, European underground gas storage facilities are filled to 86.48% (8.67 percentage points higher than the average for this date over the past five years), they contain about 95.2 bln cubic meters of gas.
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