Register for our high-level #study launch in Brussels and learn about the role of import terminals and their decarbonisation pathways. 👉https://bit.ly/4bwYvBR

📅 Wednesday, 26 June 2024
🕙 10:00-14:30 CEST
📍 The Hotel, Boulevard De Waterloo 38, 1000 Brussels

GIE Annual Conference is back to empower Europe’s energy transition.

Join us in inspiring #change & creating #sustainable solutions today:
🇩🇪 Munich, Germany
🗓️ 17-18 October 2024
🤝Meet 300 EU energy leaders

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#GIEAC24

📣 And we’re back with our third online workshop on the EU #MethaneRegulation!  

Focus: Venting & Flaring. 

Join us, @GIEBrussels and @Eurogas_Eu on 28 May as we discuss how operators and stakeholders can implement the Methane Regulation. 

Register here 👉

Red tape & lack of proper infrastructure are the two main obstacles to #EconomicDevelopment. 

GIE Secretary General @AchovskiBoyana presented the role of the #GasInfrastructure in overcoming them and the policy levers at the 2024 #Mozambique Mining & Energy Conference (#MMEC).

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EU’s underground gas storage is ready for winter

November 9, 2022

9 November 2022, Brussels

On 1 November, EU’s underground gas storage reached 95% of filling level1, equivalent to 1,060 TWh. This is well beyond the EU collective target of 85% of storage filling level.

→ Download this Press Release

AGSI Filling Levels - November 2022
Figure 1 – Storage filling level in the EU27 on 1 November (GIE, 2022)

Belgium, France and Portugal are maximizing their storage reserves. Germany is reaching record-breaking volumes of gas stored in its underground facilities. Latvia is breaking new ground and is implementing for the first time a two-way natural gas flow, allowing it to juggle between storage injection and withdrawal modes.

These developments have helped the EU be prepared for the winter. According to AGSI, the storage transparency platform of Gas Infrastructure Europe (GIE), 95% of filling level can cover on average 28% of the EU’s annual gas consumption2, with some variations at national level. With 58% of filling level, Latvia, which has one of the most extensive storage capacities compared to its population size, can cover 120% of its annual gas consumption, while Sweden, with 93% of storage filling level, can supply 0.7% of this demand, relying therefore on other security of supply tools.

Camille Bonenfant-Jeanneney, President of Gas Storage Europe (GSE), GIE’s column for underground gas storage, states: “The efforts of Member States and Storage System Operators (SSOs) in response to the new geopolitical context have been remarkable. But there is no place for complacency: beyond the recent gas storage regulation3 which introduced storage obligations, this high storage filling level also results from exogenous factors, such as close to normal Russian inflows in the first half of 2022, lower LNG demand in Asia and high spot LNG exports to Europe. Given the uncertainty around next year, we need concrete policy actions to refill gas storages in view of the next heating season.

SSOs have started to prepare for 2023-2024 winter. By 15 November 2022, the European Commission will adopt an Implementing Act setting up their filling trajectory for 2023. In particular, storage facilities will have to be filled up to at least 90% by 1 November 2023 and follow a more rigorous filling path consisting of 4 intermediary targets4, compared to 3 in 2022.

1,2 Gas Infrastructure Europe (2022), AGSI Transparency platform. All data dates back to 1 November 2022 and is available at: https://agsi.gie.eu
3 Regulation (EU) 2022/1032 of the European Parliament and of the Council of 29 June 2022 amending Regulations (EU) 2017/1938 and (EC) No 715/2009 with regard to gas storage. Available at:
https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=uriserv%3AOJ.L_.2022.173.01.0017.01.ENG&toc=OJ%3AL%3A2022%3A173%3ATOC
4 On 1 February, 1 May, 1 July and 1 September 2023

 

Note to editors

Who is GIE?

Gas Infrastructure Europe (GIE) is the association representing the interests of European gas infrastructure operators active in gas transmission, gas storage and Liquefied Natural Gas (LNG) regasification. GIE is a trusted partner of European institutions, regulatory bodies and industry stakeholders. It is based in Brussels, the heart of European policymaking. GIE currently represents 70 member companies from 26 countries. GIE’s vision is that by 2050, the gas infrastructure will be the backbone of the new innovative energy system, allowing European citizens to benefit from a secure, efficient and sustainable energy supply.

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