Volume Of European Gas Reserves Reached 83.5 Percent
Date
7/25/2024 3:12:35 PM
(MENAFN- AzerNews)
By Alimat Aliyeva
Currently, the volume of natural gas reserves in underground gas
storage facilities in Europe has reached 83.5 percent,
Azernews reports.
According to the Gas Infrastructure Europe Association, as of
July 23, gas extraction from storage facilities in the European
Union amounted to 39 million cubic meters, and gasification - 274
million cubic meters. Currently, there are 91.6 billion cubic
meters (83.37 percent) of gas in Europe's underground storage
facilities, which is 9.63 percent more than the average for the
same period of the last five years.
The weather was relatively cool in Central and Western Europe
this week, with wind power accounting for 12 percent of EU
electricity production in July.
Currently, the price of a thousand cubic meters of gas on the
London ICE exchange is about $360.
The Russian company Gazprom supplies 42.4 million cubic meters
of gas per day to Europe. Despite the war, this gas is supplied to
the "old continent" in transit from the territory of Ukraine. This
line remains the only route for Russian gas supplies to the
countries of Western and Central Europe after the failure of the
Nord Stream gas pipeline.
Also in June, LNG injection from terminals into Europe's
gasification system fell to 37 percent of maximum capacity, which
is the lowest since November 2021.
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