As natural gas demand decreased by 8% y to y in the OECD, #TimGould put the attention to the evolution of Chinese gas demand 📈 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.
Following the request of Ukrtransgaz, individual data provision for Ukrainian storage facilities has been temporarily suspended as of 03/03/2022. An aggregated dataset covering all Ukrainian storages is expected to return on AGSI+.
A tool to monitor security of supply in Europe:
Transparency tools are crucial for experts to monitor the energy market evolution. It supports decision-makers and analysts in their work by bringing figures on the reality on the ground. Gas Infrastructure Europe’s AGSI+ and ALSI Transparency Platforms are proving to be reliable and well-recognised information sources offering a daily reporting by operators of storage and LNG facilities. The data are also used by authorities to monitor security of supply and have demonstrated their worth during gas crises. Over the last 180 days, for instance, the website traffic on the GIE Transparency Platforms have increased 265%.
Gas Infrastructure Europe (GIE) is the association representing the interests of European gas infrastructure operators. GIE members are active in transmission, storage and regasification via LNG terminals of renewable and low-carbon gases, including natural gas and hydrogen. Gathering 67 industry entities from 27 European countries, GIE perfectly embodies the multiple transitional decarbonisation pathways of the EU regions. The association’s vision is that by 2050, the gas infrastructure will be the backbone of the new innovative energy system, allowing European citizens and industries to benefit from a secure, efficient and sustainable energy supply.
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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