Gas reserves in European UGS facilities exceed 94.1%

Business & Economy September 30, 11:13

104.4 bln cubic meters of gas are stored in them

MOSCOW, September 30. /TASS/. Gas reserves in European underground gas storage (UGS) facilities have exceeded 94.1%. Gas pumping into UGS facilities has slowed down significantly in September, reaching the lowest level since 2011. Gas pumping into UGS facilities in EU countries amounted to 151 mln cubic meters on September 28, according to data provided by Gas Infrastructure Europe (GIE). Meanwhile withdrawal equaled 45 mln cubic meters.

European UGS facilities are currently 94.18% full (4.35 percentage points higher than the average as of this date in the past five years), with 104.4 bln cubic meters of gas stored in them.

Total LNG supplies from terminals to Europe’s gas transport system in August hit the lowest level since October 2021, though they have returned to growth in September. Facilities for regasification of liquefied gas and its further pumping into Europe’s pipelines are loaded by 31% of their capacity now. The gas purchase price averaged $437 per 1,000 cubic meters in Europe in August and around $414 in September.

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