Ultimate magazine theme for WordPress.

Estimated gas reserves in Europe

0

GSI: Europe fills gas reserves by 95.5%

Accordingly, Europe has filled 95.5 percent of its underground gas reserves (UGS). estimate Gas Infrastructure Europe (GIE). The rapid pace of pumping gas into storage, increasing supplies of liquefied natural gas (LNG) and successful reductions in consumption indicate that fuel shortages are likely to be avoided in the region this winter. writes Bloomberg.

Gas reserves are above 90 percent in all countries except Hungary, which has 87.2 percent full of storage facilities. The situation is worse in Latvia – the country’s UGS facilities are 59.7 percent full. At the same time, storage facilities in Germany, which is more dependent on gas supplies than many European countries, are 99.89 percent full. UGS facilities in France, Denmark, Poland, Portugal and Romania are also almost full.

Analysts at Deutsche Bank AG noted that warm weather in October helped cushion the impact of Europe’s energy crisis, when demand fell 20 percent below normal. However, officials warn that it is too early to say the crisis is over, as global fuel supplies are still limited and next winter could be even tougher for the region.

Related Materials:

Temperatures are now beginning to drop in many European countries, pushing natural gas prices back up after a sharp fall in late September. Thus, fuel at the TTF hub rose sharply during trading on November 14, gaining 8.5 percent. At the time of writing, gas prices reached $1,151 per thousand cubic meters.

At the end of October, Bloomberg reported that due to the high level of occupancy of the European UGSF even before the start of the heating season, the amount of gas stored for the winter exceeded the region’s demand. Analysts have predicted that the fuel surplus situation will continue at least till December.


Source: lenta.ru/

*The article has been translated based on the content of lenta.ru/. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!

*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.

*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!

For all the latest news click here

Denial of responsibility! WHICHLEDLIGHT.COM is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – at amritpaljha@gmail.com The content will be deleted within 24 hours.

Leave A Reply

Your email address will not be published.