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EU gas storage injections drop by 30%

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EU gas storage injections drop by 30%

According to Gas Infrastructure Europe, the association of European gas infrastructure operators, the injection rate of gas into the EU underground gas storage facilities has fallen by 30% over the past month. The percentage of gas injections has decreased to 0.25 percentage points per day. Currently, the total capacity of underground gas storage facilities stands at about 110 billion cubic meters, 93.3 billion cubic meters of which are filled with gas (87.83% of the total capacity). Notably, this year’s average storage filling level has exceeded the level in 2021 by 13 percentage points. According to reports, the supply of gas to storage facilities has dropped to its lowest level since April 2022. The reason behind this is the beginning of the cold season which slowed down the injection rate. On September 28, European gas storage facilities added just 0.18 percentage points per day which is way lower compared to 0.29 percentage points in early September and 0.37 percentage points in August. Nevertheless, experts believe that Europe is still able to provide its citizens with gas this winter. The gas supply should remain stable even despite restricted deliveries through the Nord Stream pipeline and its recent damage caused by explosions. There is no reason to think that the worst-case scenario will come true and Europe will freeze without gas.


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