Gas withdrawal from storage facilities in Europe dropped to a minimum in 10 years – RBK

Gas withdrawal from European underground storage facilities on December 31 became the lowest in 10 years

Against the backdrop of warm weather on the last day of the year, gas withdrawal from European underground storage facilities dropped to 2012 levels. The exchange price of gas in Europe on that day dropped below $ 800 thousand per 1,000 cubic meters. m

On the last day of 2021, gas withdrawal from underground storage facilities (UGS) in Europe amounted to 136.6 million cubic meters. m.This is evidenced by the data of Gas Infrastructure Europe (GIE, an association that represents the interests of operators of gas infrastructure in Europe), reports TASS… This is the lowest rate since 2012.

At the same time, gas injection on December 31 for the second day in a row exceeded the volume of UGS withdrawals and amounted to 295.6 million cubic meters. m. This happened against the background of warm weather and the arrival of subtropical air masses in the region.

In December, the total volume of gas withdrawn from European storage facilities amounted to 15.63 billion cubic meters. m. This is the fourth largest figure since 2011, when the GIE began observing.

The occupancy of European UGS facilities decreased by 20.6 billion cubic meters compared to last year. m – up to 60.38 billion cubic meters. m.