While wind power generation has peaked in one year at 34.4% of total energy production, according to data from the European Gas Infrastructure Association and the Wind Europe Association , the EU has switched to pumping more gas into underground storage facilities than withdrawing it

On Friday morning, the underground gas storage facilities in the block were 83.23% full, down 0.04 percentage points from Thursday.

The European gas infrastructure consortium reported that the European Union has accumulated almost 90.5 billion cubic meters of natural gas in its storage facilities.

Over the past week, member states received about 0.6 billion cubic meters of gas, or almost three times less than the 1.8 billion cubic meters discharged the previous week.

The decrease in gas withdrawal rates can be attributed to warm weather and increased wind power generation. According to" wind Europe", wind power plants produced 34.4% of the total electricity generated in the Union on Friday, the highest share in 2022.

Gas futures in Europe fell by 16% on Friday, falling below USD 800 per thousand cubic meters for the first time since February 16, due to high occupancy of underground storage facilities and warm and windy weather. The last day of trading ended in 2022, with gas futures rising by 2.7% year-on-year, to reach USD 844.3 per thousand cubic meters.