Gas reserves at Europe’s storage facilities reach historical high

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The gas reserve level in underground storage facilities in Europe has reached the highest levels in the history of observation. This has been reported Interfax According to European Gas Infrastructure (GIE) data.

Stocks rose only 0.12 percentage points after August 28, according to the GIE. This is the minimum increase for the entire injection season since April. However, at the start of the heating season, the UGS occupancy rate exceeded the target of 90%. After exceeding 92% of full capacity, the injection rate slowed down.

According to the information received from the Ukrainian GTS operator, Gazprom has applied for a transit of 42.4 million cubic meters. m on August 30, as the previous day. The application was made through only one entry point – GIS “Sudzha”.

According to the WindEurope association, wind farms provided 10% of Europe’s electricity needs on 29 August. This is in line with long-term performance. Spot price of gas in the European gas market fell 9% to $396 per thousand cubic meters on August 29, according to TTF trade data.

As can be understood from the report of the US Department of Energy, gas reserves in warehouses increased by 0.5 billion cubic meters compared to the week. m This is three times less than the normal injection volume for this period.

It has been learned that the European Union has continued to increase its LNG supply from Russia despite the sanctions imposed recently.

Formerly Scholz promise Ending the Nord Stream business.

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