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Withdrawal of gas from European UGS exceeds volumes pumped by winter

European UGS facilities are currently 50.63% full (7.99 percentage points lower than the average as of this date in the past five years)

MOSCOW, February 7. /TASS/. Gas reserves in Europe’s underground gas storage (UGS) facilities have fallen below 51%, with LNG supplies from terminals to pipelines having hit a record level in February, according to data provided by Gas Infrastructure Europe (GIE). Meanwhile total gas volumes in UGS facilities are still at their fourth-highest level for early February since records started. Europe has withdrawn around 52.5 bln cubic meters (bcm) from UGS facilities since the beginning of the heating season, which is seriously higher than the volumes pumped by the autumn-winter season that totaled slightly over 41 bcm.

Gas withdrawal from UGS facilities in EU countries amounted to 768 mln cubic meters (mcm) on February 5, according to GIE. Pumping equaled 19 mcm. Gas volumes in UGS facilities total 56.2 bcm, which is the fourth-highest level for the beginning of February since records started.

European UGS facilities are currently 50.63% full (7.99 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 The heating season in Europe started on October 29, 2024, with EU countries having withdrawn around 52.5 bcm of gas from UGS facilities since then.

The share of wind generation in the EU’s electricity output averaged 21% in January, and around 10% on first days of February. The gas purchase price averaged $489 per 1,000 cubic meters in Europe in December, about $518 in January, and $570 in early February.

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