Gas injection into EU storage facilities has fallen to a historic low

Gas injection into European underground storage facilities (UGS), as of May 20, showed the lowest rate in the entire history of observations. This was announced by Gazprom's press service on May 23.

"On May 20, another anti-record of gas injection into European underground storage facilities was recorded. According to Gas Infrastructure Europe, replenishment of reserves has fallen to the lowest level for these days in the entire history of observations," the corporation's Telegram channel says.

It is noted that on this day, even the largest European economies — Germany and France — were forced to switch to net extraction of gas from underground storage facilities. Thus, they "took away more gas than they pumped," Gazprom stressed.

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The Reuters news agency noted on May 21 that European countries could face a critical shortage of natural gas reserves if disruptions in shipping through the Strait of Hormuz last from one to three months. According to the newspaper, gas storage facilities across Europe are currently filled with gas by just over 35%, which is significantly lower than the seasonal norm.