European Union gas storage has exceeded the average storage level of 90%, above the 80% set by the EU bloc as a target to guarantee safe volumes in autumn and winter amid uncertainty over supplies from Russia, The Guardian reported. EFE agency, transferred to Agerpres.
According to the industry association Gas Infrastructure Europe (GIE), which presented updated data on Friday, October 5, deposits are on average 90.12%. Occupancy exceeds the same period last year – 75%.
Community norms do not require member states to have gas fields (as in the case of oil, where it is mandatory to have reserves for 90 days of consumption), and 160 installations in 18 Community countries with fields contain a total of 1,002 TWh. gas, writes EFE.
The full filling of these deposits of 1,100 TWh will guarantee consumption for three months, and this amount will not be enough to completely cut off Russia’s gas supply. According to the Bruegel Research Center, the EU imported about 1,800 TWh of gas from Russia in 2019, before the pandemic.
However, part of these gases, which almost no longer reach the EU from Russia, are being replaced by imports of liquefied natural gas (LNG), which will increase by more than 60 billion cubic meters (billion cubic meters) per year by the end of the year. According to the estimates of the International Energy Agency (IEA), from 2021, a total of 80 billion cubic meters.
To this will be added the compromise of 27 member states to save an average of 15% of gas and 10% of electricity.
If we come out of the winter with a level of 40%, there will be no problems next year either
According to the European Network of Gas Transmission Network Administrators (ENTSOG), gas consumption in the EU in the autumn-winter season of 2020/2021 was 3,319 TWh, and a year earlier it was 3,216 TWh.
In July, the organization warned of the importance of filling warehouses, not only to meet the cold season of 2022/2023, but also to guarantee the minimum level of stocks for 2023/2024.
According to European Commission calculations, the EU needs to reach the end of winter with 40% storage capacity to avoid problems next year.
(article photo: ©Viktord50|Dreamstime.com)
Source: Hot News RO
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