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Europe has withdrawn over 21 bcm of gas from UGS facilities since start of heating season

Gas withdrawal from UGS facilities in EU countries amounted to 504 mcm on December 16, according to GIE

MOSCOW, December 18. /TASS/. The rates of withdrawal of gas from underground gas storage (UGS) facilities in European countries slowed down in the middle of December amid expected warm weather and an increase in LNG import growth, according to data provided by Gas Infrastructure Europe (GIE). Europe has withdrawn over 21 bln cubic meters (bcm) from UGS facilities since the beginning of the heating season. The gas price on the exchange in Europe is around $450 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.

"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 December 18. 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 mcm on December 16, according to GIE. Meanwhile pumping equaled 34 mln cubic meters. European UGS facilities are currently 77.49% full (3.01 percentage points lower than the average as of this date in the past five years), with 86 bcm of gas stored in them.

The heating season in Europe started on October 29, 2024 (10 days earlier than in the previous autumn-winter season), with EU countries having withdrawn over 21 bcm of gas from UGS facilities since then.

The share of wind generation in the EU’s electricity generation has equaled 20% in December. The gas purchase price averaged $491 per 1,000 cubic meters in Europe in November and it has been around $488 in December.

LNG supplies from terminals to Europe’s gas transport system in the middle of December have been record for this period. Facilities for regasification of liquefied gas and its further pumping into Europe’s pipelines are loaded by 45% of their capacity now.

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