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Europe has set a new record for gas withdrawals from underground storage facilities

European countries have set a new record for daily gas withdrawals from underground storage facilities. At the same time, stocks in Germany – the EU’s largest gas storage market – have fallen below 60 per cent. For the first week of November, this is the lowest figure on record.
Arina Codreanu Arina Codreanu Reading time: 2 minutes
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According to Gas Infrastructure Europe (GIE), on 6 November, European countries withdrew 23.9 per cent (83 million cubic metres) more gas from storage facilities than during the previous daily record for that date, notes RBC.

Stocks in Germany have fallen particularly sharply. The fill level of its underground storage facilities fell below 60% for the first time in early November. Daily gas withdrawals on 6 November exceeded the previous record for that date by 58.7 per cent, or 37 million cubic metres.

According to the source, by the start of October, European gas storage facilities were 72 per cent full. The volume of active gas in them was 11.3 billion cubic metres less than a year earlier.

Amid rising gas consumption, EU countries are continuing to restructure their energy supply systems and reduce their dependence on Russian supplies. The European Union intends to phase out Russian gas entirely by the end of 2027: imports of LNG are scheduled to cease from 1 January, and pipeline gas from 30 September.

European Commission President Ursula von der Leyen has stated that Europe has become less vulnerable following the 2022 energy crisis. According to her, around 70 per cent of the EU’s electricity is now generated from renewable sources and nuclear power.

Nevertheless, the current rate at which gas is being withdrawn from storage facilities raises questions once again about whether reserves will be sufficient for the coming heating season.

This story was translated with the assistance of artificial intelligence.The translation was also reviewed by the Logos Press editorial team.


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