Free Trial

Austria procures gas for strategic reserves

NATURAL GAS

Austria procures 7.7TWh of gas for strategic reserves at an average price of 124.5€/MWh.

  • They were hoping for 7.4TWh and this additional gas will take their strategic reserves over 20TWh.
  • Austria gas storage levels currently stands at just 28.7% much lower than the EU total of 43.2%.
  • New Austria storage rules threaten to requisition Gazprom’s Haidach storage if capacity isn’t used and will connect Haidach to the national gas pipeline network.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.