World News | Europe Needs 56bn Cubic Meters of Gas to Fill Storage Facilities to 90pc: Gazprom
Get latest articles and stories on World at LatestLY. Gas reserves in the underground storage facilities in Europe were replenished by 6.9 billion cubic meters as of April 29, so companies will have to pump in about 56 billion cubic meters more to get them 90% full, Russia's Gazprom said on Sunday.
Moscow [Russia], May 1 (ANI/Sputnik): Gas reserves in the underground storage facilities in Europe were replenished by 6.9 billion cubic meters as of April 29, so companies will have to pump in about 56 billion cubic meters more to get them 90% full, Russia's Gazprom said on Sunday.
"According to Gas Infrastructure Europe, as of April 29, gas reserves in the European underground gas storage facilities were replenished by 6.9 billion cubic meters. To reach the level of 90% storage capacity, declared as a target by the European Union, companies will have to pump about 56 billion cubic meters of gas," the company said on Telegram.
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The export of Russian gas to China through the Power of Siberia gas pipeline continues to grow, increasing by almost 60% in January-April compared to the same period last year, Russia's Gazprom said on Sunday.
"Gas exports to China through the Power of Siberia gas pipeline are growing under a bilateral long-term contract between Gazprom and China National Petroleum Corporation. The volume of supplies for the first four months of 2022 exceeds the same indicator last year by almost 60%," the company said on Telegram.
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Russian gas is supplied to the region via the Power of Siberia gas pipeline. The supplies have started at the end of 2019, and amounted to 4.1 billion cubic meters in 2020. It is planned to increase the volume of supplies until reaching the design annual capacity of 38 billion cubic meters by 2025.
Taking the new February agreement into account, the total capacity of supplies along the Far Eastern route to China could amount to 48 billion cubic meters per year. (ANI/Sputnik)
(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)