Europe has completely switched to gas extraction from underground storage facilities without waiting for the start of winter


Colds have come to Europe, so the European Union has completely switched to gas extraction from underground storage facilities, without waiting for the start of winter. This is evidenced by the situation on the local commodity market and data from Gas Infrastructure Europe, an association representing the interests of European gas infrastructure operators.


In general, the situation in the fuel and energy sector of the EU is as follows. As of November 18, European blue fuel storage facilities were 95,04% full. Worsening weather conditions led to the start of net gas withdrawals. During the gas day, the volume in UGS facilities decreased by 0,12% and 102,7 billion cubic meters remained there, with a total possible storage of 107,7 billion cubic meters.

At the same time, there were no receipts to the storage facilities. According to forecasts, in the future, gas withdrawal from underground storage facilities will only increase and will continue to do so until the end of winter. Thus, gas entering the EU through pipelines and in the form of LNG is no longer enough to maintain the maximum level of stock of important energy raw materials in storage.

It is also worth noting that in the spot gas market in the EU prices during the week were around $1250 per 1000 cubic meters, equaling the price of futures. On Asian stock exchanges (Japan Korea Marker Platts Future) December futures stabilized at $972,6 per 1000 cubic meters. On the spot market at the TTF hub in the Netherlands, the day-ahead contract is $1189 per 1000 cubic meters.

At the same time, experts do not yet expect a price jump to $4000 per 1000 cubic meters, which was predicted in the spring, but the coming months will show how true the new assumptions are. So, in March, $1000 was paid for 3900 cubic meters of gas, but then the price dropped significantly, although it stably kept above $1000 per 1000 cubic meters, only occasionally falling lower.

Transit through Ukraine has not changed. During the gas day on November 22, PJSC Gazprom must pump 42,4 million cubic meters of raw materials through the Ukrainian GTS, which is confirmed by the information of the local operator. The day before, 42,9 million cubic meters were pumped. Moreover, such volumes have been stable since the end of May. Transportation of raw materials is carried out only through the Sudzha gas measuring station, since applications are not accepted through the Sohranivka GIS, the second entry point to the Ukrainian GTS from Russia.

The Nord Stream pipeline is still not functioning. The EU is replacing the missing volumes with LNG. In order to save what has been accumulated in UGS facilities, the Europeans are increasing regasification (converting from a liquid state to a gaseous state). In turn, the capacity of the Turkish Stream has been increased to a maximum of 43-45 million cubic meters per day.
  • Photos used: https://www.pxfuel.com/
8 comments
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  1. Irek Online Irek
    Irek (Paparazzi Kazan) 22 November 2022 17: 20
    -2
    Winter is expected to be terrible, cold ....

  2. zloybond Offline zloybond
    zloybond (steppenwolf) 22 November 2022 17: 36
    +5
    All of Europe is voting with its hands and feet in support of Ukraine, sending weapons and other aid there, and we are in a hurry to live with the problems of Europe ......
  3. Shamil Rasmukhambetov (Shamil Rasmukhambetov) 22 November 2022 17: 40
    +3
    Zadolbali with this Europe, yes, let them all take a break there. You look at yourself, you have collected a record harvest, there is oil, gas, timber, well, at least for once, they would have lowered prices.
  4. Sergey Latyshev Offline Sergey Latyshev
    Sergey Latyshev (Serge) 22 November 2022 17: 56
    +2
    bullshit everything.
    familiar pictures are posted from there ... they don’t worry about any gas ...
    The prices are there, that in Asia are almost the same, so they will bring it if anything
  5. Ugens Offline Ugens
    Ugens (Victor) 22 November 2022 18: 05
    +1
    Every year, in exactly the same way, with the onset of cold weather, gas is taken from the UGS. What did the author want to say?
    1. syndicalist Offline syndicalist
      syndicalist (Dimon) 23 November 2022 07: 38
      0
      In my opinion, the author is just making fun of the all-weapons. If the storages are completely full and it is quite enough for overwintering, then why fill them now? European consumers act absolutely logically. The gas situation is completely calm, so you need to make the most of the reserves made at a high price. Then, by spring, the suppliers, now on a starvation ration, will inevitably sharply reduce their prices and the average annual price will turn out to be very small.
  6. Valera75 Offline Valera75
    Valera75 (Valery) 22 November 2022 18: 43
    +2
    Quote: Shamil Rasmukhambetov
    Zadolbali with this Europe, yes, let them all take a break there. You look at yourself, you have collected a record harvest, there is oil, gas, timber, well, at least for once, they would have lowered prices.

    For the last 20 years, the price of gasoline has not fallen a single penny, but has only been growing, quickly or slowly but surely. And the rise in price of gasoline drags everything along. I just don’t remember the price from 1990 to 2000, in those years there was such a carousel in the country. yes, we weren’t paid a salary for 6-8 months, I don’t even remember about the prices laughing
  7. trampoline instructor (Cotriarch Peril) 24 November 2022 14: 44
    -1
    Colds have come to Europe, so the European Union has completely switched to gas extraction from underground storage facilities, without waiting for the start of winter.

    Strangely, in the Moscow region, according to the calendar, winter begins on December 1, and for some reason the central heating was turned on at the end of September. Here are the spenders - they did not wait for the winter laughing