Page 14 - RusRPTJan22

Alexey Navalny
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Sergey Furgal
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I don’t know who I would vote for
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source: Levada Center
2.4 Gas storage in Europe falling at worrying rates
Gas storage in Europe continues to fall at worrying rates, suggesting storage levels will fall to their lowest level in ten years of around 10% by the end of the heating in the last week of March.
Storage levels of gas peaked this year at a level of 77.5% on October 22 when European tanks held 864.8TWh worth of gas, according to AGSI+ aggregated gas storage inventory – the lowest level in volume terms since 2013 and its lowest level in percentage terms for a decade.
With November already the coldest in five years Europe has already draw significant amounts of gas as the heating season gets under way and storage levels have fallen to 64% as of December 8 – same level as of January 13 in 2020.
Last year the storage peaked on October 11 when the tanks were 95.8% full following a mild winter in 2019 so not only is gas storage depletion levels running about a month of last year, but last year tanks held some 20 percentage points more gas.
In 2020 the storage bottomed out on March 24 with tanks holding 30% of their capacity. If this year follows the same trends as last year the heating season will end in the last week of March 2022 with tanks only 10% full – its lowest level in a decade.
14 RUSSIA Country Report January 2022 www.intellinews.com