Energy crisis in Europe - TASS

{{dayPoint.date | date : 'd MMMM yyyy'}}

{{newsPoint.title}}

{{newsPoint.title+ ' '}}

{{newsPoint.subtitle}}

Gas reserves in European UGS facilities down to 76.73%

Europe takes less gas from UGS amid warmer weather, higher imports

Europe has withdrawn 16 bcm of gas from UGS facilities since start of heating season

LNG supplies to Europe in November hit 2021 lows

EU losing competitiveness, ERT chief warns

Strict regulations in Europe are prompting international holdings to choose other countries for production facilities, Jean-Francois van Boxmeer said

Europe withdraws over 500 mln cubic meters of gas per day from UGS amid cold weather

The gas price on the exchange in Europe is around $525 per 1,000 cubic meters

Gas withdrawal from UGS in Europe this heating season exceeds last year’s almost twofold

European UGS facilities are currently 90.99% full

Gas reserves in European UGS facilities exceed 94.1%

104.4 bln cubic meters of gas are stored in them

Gas reserves in European UGS facilities approaching 94%

Gas pumping into UGS facilities in EU countries amounted to 94 mln cubic meters on September 23, while withdrawal equaled 76 mln cubic meters

Gas reserves in European USG facilities approach 93.5%

Gas injections into UGS facilities slowed significantly in September to the lowest level since 2011

Gas reserves in European UGS facilities reach 93.4%

The gas purchase price averaged $437 per 1,000 cubic meters in Europe in August and around $414 in September

EU gas storage facilities filled by 90% for coming winter — European Commission

Spokesperson for Climate Action and Energy at European Commission Tim McPhie stressed that Brussels currently sees no signs of threats to the European energy sector ahead of winter

EU energy ministers support renewal of gas consumption reduction for a year

The European Union introduced "the voluntary reduction" measure in spring 2022 in conditions of expanding energy crisis caused by EU plans to embargo Russian oil and coal purchases and the refusal of certain EU countries to pay for Russian gas in rubles

Gas demand in Europe down to 1995 lows in 2023 — IEA

The decline was almost entirely concentrated in Q1-Q3 2023