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Gas reserves in UGS in Europe down below 90%

Gas withdrawal from UGS facilities in EU countries amounted to 504 mln cubic meters on November 19, according to GIE

MOSCOW, November 21. /TASS/. European countries continue spending reserves from their underground gas storage (UGS) facilities actively, with reserves having fallen below 90%, according to data provided by Gas Infrastructure Europe (GIE). Withdrawal from their UGS facilities has been twice as high since the beginning of the heating season as last year. The gas price on the exchange in Europe is around $500 per 1,000 cubic meters. Meanwhile Gazprom supplies gas for Europe through Ukraine in the volume of 42.4 mcm per day to the Sudzha gas pumping station in Russia’s Kursk Region.

"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 21. The request for the Sokhranovka gas pumping station has been rejected," a Gazprom representative told reporters. On the previous day, the pumping also equaled 42.4 mln cubic meters.

Gas withdrawal from UGS facilities in EU countries amounted to 504 mln cubic meters on November 19, according to GIE. Meanwhile pumping equaled 17 mln cubic meters. European UGS facilities are currently 89.87% full (1.21 percentage points lower than the average as of this date in the past five years), with 99.75 bln cubic meters of gas stored in them.

The gas purchase price averaged $456 per 1,000 cubic meters in Europe in October and it has been around $481 in November.

Total LNG supplies from terminals to Europe’s gas transport system in November have been at the lowest level for this month since 2021 so far. Facilities for regasification of liquefied gas and its further pumping into Europe’s pipelines are loaded by 40% of their capacity now.

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