MOSCOW, March 24. /TASS/. Withdrawal of gas from Europe’s underground gas storage (UGS) facilities has surpassed pumping into them for the first time since November, 2024, which marks the end of the heating season, according to data provided by Gas Infrastructure Europe (GIE). Reserves in UGS facilities have reached their lowest point of 33.8%, which is the minimum level in more than three years. Net withdrawal from European UGS facilities in the autumn-winter season reached over 68 bln cubic meters.
Gas withdrawal from UGS facilities in EU countries amounted to 114 mln cubic meters (mcm) on March 22, according to GIE. Pumping has grown to 184 mcm. Gas volumes in UGS facilities total 37.6 bcm, which is the sixth-highest level for March since records started.
The season of gas withdrawal from European UGS facilities ended on March 21 when they were 33.84% full (11.61 percentage points lower than the average as of this date in the past five years) compared to record 58.44% in the previous year. The heating season in Europe started on October 29, 2024, and lasted for 144 days, during which EU countries withdraw over 73 bcm of gas from UGS facilities.
The share of wind generation in the EU’s electricity output averaged 13% in February, and 17% in March. The gas purchase price averaged about $542 per 1,000 cubic meters in Europe in February, and around $470 in March.
LNG have been supplied from terminals to Europe’s gas transport system with record rates this month. Facilities for regasification of liquefied gas and its further pumping into Europe’s pipelines are loaded by 53% of their capacity now.