Underground gas storage facilities in Europe 70.5% full

According to the information, now  there are almost 77.2 billion cubic meters of gas in storage. The target level by the beginning of the heating season is 90%.

The generation of wind farms (WPPs) in the European Union amounted to 8.3% of the total on June 7, the lowest since April 26, when the figure dropped to 1.4%, according to the data of the Wind Europe association. The average annual rate is about 15%. The decline in wind generation is one of the factors increasing the demand for gas.

Exchange prices for blue fuel in Europe rose slightly on Thursday afternoon. The cost of July (nearest) futures on the TTF index (the largest hub in Europe, located in the Netherlands) amounted to $314 (+7.8%). The dynamics of quotations is based on the settlement price of the previous trading day - $291.3 per thousand cubic meters.





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