Gas storage facilities in the Czech Republic are 92% full

PRAGUE, 18 Oct – PRIME. As of October 18, gas storage facilities in the Czech Republic are 92% full, and gas consumption this year has decreased by 34% compared to last year, the head of the Ministry of Industry and Trade of the Republic, Josef Sikela, said on Tuesday.

“The weather has been on our side lately, it was the warmest since at least 2019. This was also reflected in gas consumption, which decreased by 34% compared to 2021. gas, while creating its reserves. Now our gas storage facilities are 92% full,” Sikela wrote on Twitter.

According to Sikela, “there is growing confidence in European countries that they will cope with the coming winter, which, in turn, affects gas prices. They are now the lowest since June of this year.”

At today’s opening of trading, exchange prices for gas in Europe fell by more than 5%, remaining slightly above $1,200 per thousand cubic meters. Thus, they continued the October downward trend – for example, the estimated price of the last auction in September was 1913 thousand dollars per thousand cubic meters.

Analysts interviewed by RIA Novosti previously noted that the decline in gas prices in Europe is due to the calming of the market due to the high level of occupancy of underground gas storage facilities, but the countries of the continent may face a new price surge. At the same time, gas quotes are several times higher than last year, when they were already at a record level.