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Gas reserves in European storage facilities hit their lowest level

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Gas reserves in European storage facilities hit their lowest level

The level of gas reserves in underground storage facilities in Europe in general fell by half, Interfax reports on Tuesday.

By the end of the gas day on 22 January, the facilities were 48,92% filled, according to the data provided by Gas Infrastructure Europe (GIE) platform.

In percentage terms, this is the lowest level in the current decade. In absolute terms (49.5 bcm of active gas), the volume of reserves in underground gas storages is the lowest for the past three years.

In Germany, the level of reserves also corresponds to a general trend - 48,97% and 11,274 billion cubic meters of active gas.

Enhanced flow of gas from storage facilities increases the importance of gas supplies from outside the European market.

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