Gazprom reduces gas injection into largest storage facilities in EU

Source : 112 Ukraine

Prices on the European gas market have already exceeded $500 per thousand cubic meters
12:00, 2 August 2021

Open source

Since July 31, the volumes of Russian gas pumped into underground storage facilities in Europe, which were used by the Gazprom concern, have decreased. This was reported by Interfax with reference to the Gas Infrastructure Europe portal data.

In particular, the decrease in the level of gas injection affected the storage facilities in Austria (Haidach), Germany (Rehden), the Netherlands (Bergermeer).

At the same time, the transportation of gas to Europe through the Yamal-Europe gas pipeline, which runs through Belarus and Poland to Germany, has also decreased. In particular, the data of the German transit operator Gascade indicate that the daily levels of gas supplies along this route fell from 84 million cubic meters (at the entrance to Germany) in the previous few days up to 50 million cubic meters on July 31 and 60 million cubic meters on August 1.

Related: Nord Stream 2 gas pipeline is completed by 99%

After a cold winter and record gas withdrawals from Russian underground gas storage facilities, storage facilities have been emptied everywhere, including in Europe. At the moment, Gazprom's primary task is to fill Russian underground gas storage facilities for almost 61 billion cubic meters.

In addition, the global market is experiencing a shortage of liquefied natural gas (LNG), which complicates the recovery of gas reserves after a cold winter.

For this reason, prices on the European gas market have already exceeded $500 per thousand cubic meters.

As it was reported earlier, at the end of July Gazprom refused to book additional transit capacity through Ukraine for August.

Related: Serbia, Hungary complete pipeline to receive Russian gas bypassing Ukraine

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