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25 Mar, 07:03

Gas withdrawal from European UGS facilities is 35% higher in March, pumping is 7% higher

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

MOSCOW, March 25. /TASS/. Gas pumping into underground gas storage facilities (UGS) in Europe exceeds withdrawal from them for the second day in a row, turning out to be 7% higher in March than a year earlier, according to data from Gas Infrastructure Europe (GIE). The rate of withdrawal is higher by 35% than in the same period last year.

Gas withdrawal from UGS facilities in EU countries amounted to 127 mln cubic meters (mcm) on March 23, according to GIE. Pumping has grown to 152 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. Now they are 34.01% full (11.28 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, 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 16% 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 52% of their capacity now.