Gazprom says gas stocks in European storage facilities have fallen to multi-year lows

“Europe withdrew 51 billion cubic meters of gas from underground storage last winter, that is, 107.8% of the volume pumped in summer, ending the withdrawal season on March 19 at one of the lowest levels in terms of reserves in many years,” Gazprom said.

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“According to Gas Infrastructure Europe (GIE), on March 19, the gas withdrawal season from European underground storage facilities ended. By this time, only 25.2 billion cubic meters of active gas remained in them. This is one of the lowest levels over the long-term observation period and by 5, 5 billion cubic meters less compared to the same date in 2021. Over the past winter season, 51 billion cubic meters of gas was lifted from European UGS facilities – 107.8% of the volume that companies were able to pump in the summer of 2021,” the company said in its official statement. Telegram channel.