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Daily gas withdrawal from European UGS facilities reaches almost 1 bln cubic meters

Gas withdrawal from UGS facilities in EU countries amounted to 985 mln cubic meters (mcm) on January 20, according to GIE

MOSCOW, January 22. /TASS/. Gas reserves in Europe’s underground gas storage (UGS) facilities have dropped below 60%, while a daily withdrawal reached almost 1 bln cubic meters (bcm) for the first time in almost four years, according to data provided by Gas Infrastructure Europe (GIE).

Meanwhile total gas volumes in UGS facilities are at the fourth-highest level for January since records started, but in the coming days they will be less than the reserves at the end of the last autumn-winter period. Since the beginning of the heating season, the EU has withdrawn more than 42 bcm from underground gas storage facilities.

Gas withdrawal from UGS facilities in EU countries amounted to 985 mln cubic meters (mcm) on January 20, according to GIE. Total volume of gas in UGS facilities amounts to 65.9 bcm of gas, which is the fourth-highest level for the beginning of January since records started. European UGS facilities are currently 59.38% full (7.57 percentage points lower than the average as of this date in the past five years).

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started on October 29, 2024 (10 days earlier than in the previous autumn-winter season), with EU countries having withdrawn over 42 bcm of gas from UGS facilities since then.

The share of wind generation in the EU’s electricity generation has equaled 21% in January. The gas purchase price averaged $489 per 1,000 cubic meters in Europe in December and it has been at around $505 in January.

LNG supplies from terminals to Europe’s gas transport system in January have increased compared with the end of December. Facilities for regasification of liquefied gas and its further pumping into Europe’s pipelines are loaded by 51% of their capacity now.

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