Europe ends the season for taking gas from underground storage facilities and enters the spring with an unprecedented high level of reserves. As of March 24, the storage facilities were 55.5% full – this is the highest level in the entire history of observations. In other years, so much was at the beginning of the winter season.
– –
Excess supply, which appeared last year, and the possibility of a decrease in demand in 2020 due to the coronavirus, push spot gas prices to lows. The cost of 1000 cubic meters. m of gas for delivery a month in advance at the Dutch Title Transfer Facility hub has been around $ 90 for more than a week, and on Wednesday, March 25, it fell to $ 86.
– – .
