Abnormal cold weather in Europe began to deplete gas reserves in underground storage facilities, now 27.6 percent more fuel has been taken from there than last year, Gazprom calculated. TASS reports.
The Russian gas monopoly clarified that it is about 55.5 billion cubic meters of gas. “The icy atmospheric front that covered Europe in February led to the depletion of gas reserves in underground storage facilities. According to Gas Infrastructure Europe, gas reserves in European UGS facilities fell below 40 percent, although only 11 days ago the level was about 50 percent,” RIA Novosti reports. company message. Gazprom concluded that the current situation will have a positive effect on the demand for Russian gas.
Earlier in February, it became known that the cold front, dubbed “The Beast from the East 2”, continues to devastate underground gas storage facilities in Europe. In the main gas market in Europe – in Germany – reserves decreased to 34.17 percent, in Austria – to 45.28 percent, the Czech Republic – to 41.08 percent, Poland – to 52.27 percent. The biggest decline was in France, where stocks fell to 30.07 percent.
The Arctic cold also hit the United States: oil production collapsed there. The cold weather has led to a sharp increase in fuel demand. WTI (West Texas Intermediate) oil quotes rose two percent (to $ 60.6 per barrel), a record high for this grade since January last year.