Gazprom, October 7, ran out gas from its European storage facilities after a record price jump. The reaction of the Russian company disclosed Interfax, referring to the data of the Association of Gas Infrastructure Europe (GIE).
On October 6, the cost of gas in Europe approached two thousand dollars per thousand cubic meters. The next day, Gazprom translated its underground gas storage (PCG) from injection of selection. The Austrian PCG “Heydah” and German “Yegum” switched to selection for one day. On the next days – May 8 and 9 (the last day in operational statistics GIE) – the fuel injection into these objects continued. Some of the “Gazprom” storage are now suspended, that is, neither injection, no selection on them occurs. Among them, the German PCH “Katharina” (filled with 43.54 percent) and the Bergermeer repository in the Netherlands (level of stocks 27.3 percent).
Gas reserves in Europe are still low. According to the results of the gas day, on October 9, underground storage facilities in the region were filled with 76.39 percent. This level is 14.37 percentage points below the average for the last five years. Against the background of the gas crisis in Europe, Gazprom increased gas injection paces in UGS by 23 percent compared to the average value of previous years. The influx of liquefied natural gas on the regasification terminals in the region at the moment is at about 2020.
The price of gas in Europe collapsed after a multi-week rally. The market began to “calm down” after the words of Russian President Vladimir Putin on expansion of deliveries. On October 7, Russian President Vladimir Putin supported the initiative of the Deputy Prime Minister Alexander Novaka to increase the offer of gas in the market against the background of rising energy prices in Europe. At the time of publication News on the London Stock Exchange ICE The cost of November futures equals $ 1052.8 per thousand cubic meters.