Gazprom Says EU Gas Storage Levels Dip Under 60%

Gas reserves in Europe’s underground storage facilities (UGS) have fallen below 60%, according to Russia's energy giant Gazprom.

"The level of gas reserves in European underground storage facilities is below 60%. According to Gas Infrastructure Europe (GIE), as of January 4, European UGS facilities were 59.9% full. Last winter, this level was recorded in the third ten-day period of January," the company said, The Caspian Post reports, citing TASS.

Gas reserves in underground storage facilities in the Netherlands have fallen to 46.1%, in Germany - to 54.1%, and in France - to 55.7%.

"In total, since the start of the withdrawal season, 23.6 bln cubic meters of gas have already been withdrawn from Europe’s UGS facilities - nearly half of the volume injected in preparation for winter," it noted.