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19 Mar, 08:35

Gas reserves in European storage facilities drop to 34.5%

The net offtake exceeded 67.5 bln cubic meters from the start of the heating season

MOSCOW, March 19. /TASS/. Natural gas reserves in European underground gas storages (UGS) plunged to 34.5% for the first time in three years and totaled about 38 bln cubic meters, according to Gas Infrastructure Europe (GIE) data.

The net offtake (the difference between the offtake and injection volumes) exceeded 67.5 bln cubic meters from the start of the heating season.

The rate of withdrawal from EU’s UGS on March 17 amounted to 356 mln cubic meters, according to GIE. The injection rate decreased to 31 mln cubic meters.

Currently, Europe's UGS facilities are filled to 34.53% (11.31 p.p. lower than the average for this date over the past five years).

Regasification facilities of LNG currently have capacity utilization of 59% from the maximum.