πŸ“β€œIn order to maintain #securityofsupply, a sufficient level of #gasstorage capacity must be maintained in a coordinated manner”.

That’s what @schmoltzer, GIE Value of Storage WG chair, highlighted at the #IPS2023 in Milan.

Read πŸ‘‰ https://lnkd.in/eCFpKUfx

@ThTrouve @FrancegazFR Presenting on behalf of @GIEBrussels and our French members πŸ‡«πŸ‡·
@GRTgaz - @Teregacontact
@Storengy - @Elengy
@DunkerqueLNG

As natural gas demand decreased by 8% y to y in the OECD, #TimGould put the attention to the evolution of Chinese gas demand πŸ“ˆ and its impact on #LNG markets and wholesale #prices, especially as Europe is going to be more and more exposed to spot prices.

@wavestoneFR @Energy4Europe @MWorsdorfer @csikow @AdinaRevol Last year the EU understood the importance and value of the underground gas #storage while 5 years ago the assets were seen by many as stranded assets, said @TorbenBrabo.
Storage have never been fulfill at this level so early.

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GIE presents new study: Picturing the value of underground gas storage to the European hydrogen system

The study presents the essential role of underground gas storages in establishing an integrated energy system and hydrogen economy in Europe by 2050. The vision paper and map provide a detailed overview, with concrete facts and figures, of the potential of these facilities. They build on the updated proposal for the European Hydrogen Backbone (EHB), a vision for a pan-European dedicated hydrogen network. This analysis was performed by Guidehouse in collaboration with GIE.

Download the study at : https://www.gie.eu/publications/studies/

Related materials :
GIE Press Release
Press Release, 15 June 2021

European Commission Hydrogen Strategy
A hydrogen strategy for a climate-neutral Europe

Presentation of the Study at European Hydrogen Webinar, 15 June 2021
Full event video recording (1h28)

Extending the European Hydrogen Backbone
Gas for Climate Vision report