Gazprom warns that Europe's gas storage is under 30%, with Dutch reserves below 10%, and winter supplies depleted by mid-February.
Russian energy company Gazprom has warned that the occupancy rate of natural gas storage facilities in Europe has fallen below 30%, and all the gas filled for winter preparation was depleted by mid-February.
In a written statement from Gazprom, it was noted that the occupancy rate of underground storage in the Netherlands has dropped below 10%. The statement emphasized, 'The overall occupancy rate in Europe has fallen below 30%. All gas pumped into European storage for winter preparation was withdrawn by mid-February. Currently, withdrawals are being made from previous years' stocks.'
Before the Ukraine war, Gazprom was the largest natural gas supplier in Europe, having increased its market share on the continent to 40% by 2022 through nearly 50 years of pipeline investments. Due to sanctions, Gazprom has lost customers to liquefied natural gas (LNG) suppliers such as the United States, Qatar, and Norway. In 2024, Gazprom is expected to ship approximately 15 billion cubic meters of natural gas to Europe, while this volume was 201.7 billion cubic meters in 2021. Russian President Vladimir Putin has indicated that Russia could completely withdraw from the European gas market and has instructed the government to take the necessary steps to halt gas shipments to the European Union (EU) entirely.
Source: SeaNews Türkiye
