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Gas withdrawal from UGS facilities in Europe slows down

Total LNG supplies from terminals to Europe’s gas transport system in August hit the lowest level since October 2021, though they returned to growth in the fall, reaching 8.8 bln cubic meters in October, 11% higher than in September

MOSCOW, November 12. /TASS/. Withdrawal of gas from European underground gas storage (UGS) facilities has slowed down slightly, though it still seriously exceeds the pumping, according to data provided by Gas Infrastructure Europe (GIE). The gas price on the exchange in Europe is around $480 per 1,000 cubic meters. Meanwhile Gazprom supplies gas for Europe through Ukraine in the volume of 42.4 mln cubic meters (mcm) per day to the Sudzha gas pumping station in Russia’s Kursk Region.

Gas pumping into UGS facilities in EU countries amounted to 32 mln cubic meters on November 10, according to data provided by Gas Infrastructure Europe (GIE). Meanwhile withdrawal equaled 252 mln cubic meters. European UGS facilities are currently 93.37% full (1.1 percentage points higher than the average as of this date in the past five years), with 103.6 bln cubic meters of gas stored in them.

"Gazprom supplies Russian gas for transit through Ukrainian territory in the volume confirmed by the Ukrainian side via the Sudzha gas pumping station of 42.4 mln cubic meters as of November 12. The request for the Sokhranovka gas pumping station has been rejected," a Gazprom representative told reporters. On the previous day, the pumping equaled 42.3 mln cubic meters.

Total LNG supplies from terminals to Europe’s gas transport system in August hit the lowest level since October 2021, though they returned to growth in the fall, reaching 8.8 bln cubic meters in October, 11% higher than in September. That said, the level was the lowest for this month since 2021. Facilities for regasification of liquefied gas and its further pumping into Europe’s pipelines are loaded by 40% of their capacity now.

The gas purchase price averaged $456 per 1,000 cubic meters in Europe in October and it has been around $460 in November.

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