Stock market analytics, financial forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Gas reserves in Europe decreased by 40%, despite record LNG imports


April, 24 2025
watermark Economic news

In April, gas injection into Europe's underground storage facilities reached its highest level in the last three years, according to data from Gas Infrastructure Europe (GIE). However, storage reserves are still 40% (27 billion cubic meters) below last year's level, despite record imports of liquefied natural gas.


On April 22, 259 million cubic meters of gas were pumped into storage facilities, while the extraction amounted to 28 million cubic meters. The injection was 4% higher than a year earlier, and the extraction was 22% lower. The volume of gas in UGS facilities at the end of April amounted to 41 billion cubic meters, which is 40% less than last year's level and is only the seventh highest figure in the entire history of observations. Storage occupancy is currently 37.53%, which is 10.35 percentage points lower than the average level over the past five years.


The European Commission requires filling UGS facilities to 90% by November 1, which will require pumping 61 billion cubic meters of gas – 50% more than a year earlier. During the last heating season, which ended on March 28, the EU countries took away more than 74 billion cubic meters of gas, which is 44% higher than last year. LNG imports in April exceeded 12.7 billion cubic meters, which is 22% more than in the same month last year. The regasification capacity is 60% loaded.


Feedback

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2025 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.