Natural gas reserves in European Union warehouses amount to 29.4%. The 5-year average for this time of year was 43.4%.. There are currently 335.92 TWh (terawatt-hours) of gas in storage – according to calculations by Gas Infrastructure Europe.
In Germany, gas storage facilities are currently 21.2% full, and in France it is 21.9%. In Italy, the gas filling level in warehouses is 46.2%, in Austria 36.0%, in Spain 55.8 percent., and in the Netherlands 9.4 percent. Hungarians have gas storage facilities 34.1% full, and Czechs 30.4% full.
Look: World prices are going crazy, and Poland is betting on more gas units
In Poland, there are 17.73 TWh of this fuel in gas storage facilities, and their capacity is 48.8%. compared to the 5-year seasonal average of 54.6%.. – according to data from Gas Infrastructure Europe.
Gas prices are rising after the outbreak of war in the Middle East
Concerns about the availability of gas and its price appeared just after the attack by Israel and the US on Iran on the last day of February. Escalation of the conflict in the Middle East, including the closure of traffic in the Strait of Hormuzis crucial for the global economy. About 25% of it flows through the strait. global crude oil supplies and a significant part of liquefied natural gas (LNG).
Check: The war in Iran increases the prices of raw materials. This could be an expensive quarter for us
The price of European natural gas continues to rise. On the Amsterdam Stock Exchange, TTF natural gas futures prices increased by approximately 30%, temporarily reaching EUR 69.70 per megawatt hour (MWh).. The price then dropped to 61.80 euros. However, this is still about 16 percent. more than on Friday.
