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Gas reserves in European UGS facilities down to around 38% first in three years

European UGS facilities are currently 38.23% full (11.46 percentage points lower than the average as of this date in the past five years)

MOSCOW, March 3. /TASS/. Gas reserves in Europe’s underground gas storage (UGS) facilities have fallen to around 38% for the first time in more than three years, according to data provided by Gas Infrastructure Europe (GIE). Net withdrawal from European UGS facilities since the beginning of the heating season has reached around 63.5 bln cubic meters (bcm) from.

Gas withdrawal from UGS facilities in EU countries amounted to 388 mln cubic meters (mcm) on March 1, according to GIE. Pumping has fallen to 23 mcm. Gas volumes in UGS facilities total 42.4 bcm, which is the seventh-highest level for early March since records started.

European UGS facilities are currently 38.23% full (11.46 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 The heating season in Europe started on October 29, 2024, with EU countries having withdrawn over 67 bcm of gas from UGS facilities since then.

The share of wind generation in the EU’s electricity output averaged 13% in February, and it has been at around 18% in early March. The gas purchase price averaged $518 per 1,000 cubic meters in Europe in January, and $542 in February.

LNG supplies from terminals to Europe’s gas transport system were at a record level last month. Facilities for regasification of liquefied gas and its further pumping into Europe’s pipelines are loaded by 49% of their capacity now.

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