European gas reserve levels fall below 75%, according to a report by operators.
The data comes from the European Gas Infrastructure Association.
Sputnik - The amount of gas reserves in underground storage facilities (UGS) has fallen below 75%, according to data from the Gas Infrastructure Europe association (GIE).
European SGUs are 74,5% full, containing a total of 81,2 billion cubic meters of gas, losing 1,14 percentage points per day, as of this Sunday (29), according to data referenced by GIE.
On January 28, 2022, Europe's gas storage capacity was almost half that level, or 38,93%, according to the operator.
Earlier this month, European Commission President Ursula von der Leyen said that the European Union (EU) had managed to replace 80% of its piped gas supplied by Russia, reducing domestic demand and increasing the supply of liquefied natural gas (LNG) from the US.
Western countries have been looking for ways to sanction Moscow's revenue from oil and gas exports since the start of Russia's special military operation in Ukraine on February 24, 2022.
The sanctions campaign led to major disruption in global energy markets, resulting in an energy crisis in Europe, with EU countries resorting to contingency plans. At the same time, European industry was hit by efforts to wean itself off Russian supplies, as Moscow was the bloc's largest supplier of natural gas, accounting for almost 40% of its demand in 2021.