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EU Gas Injections Lagging Slightly Below Normal Levels


European gas storage injections are lagging slightly below normal levels with cool weather in Europe. The current Norwegian maintenance could also restrict gas availability with works expected into the first week of May although LNG imports remain strong.

  • Net European storage injections were up at 2,184GWh/d on 16 Apr compared to the five year average of 2,130GWh/d but injections have averaged about 700GWh/d so far this month compared to the five year average of 1,180GWh/d.
  • European gas in storage is up to 56.55% according to GIE data from 16 Apr compared to the five year average of 35.8%.
  • Storage in Germany is at 161.29Wh (64.64% full), Italy is at 118.22TWh (61.12%), Netherlands at 84.67TWh (59.86%), Austria at 64.70TWh (66.74%) and France at 39.09TWh (29.26%).
    • TTF MAY 23 up 0.7% at 41.4€/MWh
    • TTF WIN 23 up 0.5% at 56.22€/MWh

Source: GIE / Bloomberg

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