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Gas reserves in European storage facilities drop below 38% first time in 36 months

The rate of withdrawal from EU’s UGS on March 2 amounted to 341 mln cubic meters, according to GIE

MOSCOW, March 4. /TASS/. Natural gas reserves in European underground gas storages (UGS) plunged below 38% for the first time in three years, according to Gas Infrastructure Europe (GIE) data.

The net offtake (the difference between the offtake and injection volumes) totaled about 63.7 bln cubic meters from the start of the heating season.

The rate of withdrawal from EU’s UGS on March 2 amounted to 341 mln cubic meters, according to GIE. The injection rate increased to 48 mln cubic meters.

European UGS are currently 37.98% filled. Regasification facilities of LNG currently have capacity utilization of 52% from the maximum.