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European UGS facilities almost 45% filled with gas

The rates of LNG imports by Europe hit an all-time high level in April

MOSCOW, May 20. /TASS/. Pumping of gas into European underground gas storage (UGS) facilities has been at a three-year high this month, with UGS facilities almost 45% full, according to Gas Infrastructure Europe (GIE) data. With current figures maintained, the EU may ensure its UGS facilities are 90% full as required as early as by the middle of October. That said, LNG is still imported by Europe with record high rates.

Gas pumping into UGS facilities in EU countries amounted to 332 mln cubic meters (mcm) on May 18, according to GIE. Withdrawal has increased to 29 mcm. Withdrawal in May has been 14% lower than in the previous year, while pumping has been 15% higher. Gas volumes in UGS facilities total 49 bln cubic meters, which is 33% lower than in the previous year.

European UGS facilities are currently 44.75% full (10.46 percentage points lower than the average as of this date in the past five years) compared to 66.8% in the previous year. The European Commission requests EU members to make sure that their UGS facilities are 90% full by November 1 of each year for ensuring elevated reserves for the winter period to be prepared for interrupted supplies or abnormally cold weather.

The share of wind generation in the EU’s electricity output averaged 14% in April, and it has equaled 15% in May. The gas purchase price in Europe averaged about $409 per 1,000 cubic meters in April, and around $402 in May.

The rates of LNG imports by Europe hit an all-time high level in April (12.8 bcm). Facilities for regasification of liquefied gas are loaded by 48% of their capacity now.

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