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Free AccessEU Gas Storage Injections Dip to 21% Below Normal This Week
European natural gas storage injections have dipped further this week at 21% below normal with total gas in store up to 75.06% full on 21 June according to GIE data compared to the five year average of 58.7%. The lower injections comes amid the warm weather seen across Europe this week and with the ongoing Norwegian maintenance.
- Net European storage injections have averaged about 3,040GWh/d in the week to 21 June compared to the five year average for the period of nearly 3,850GWh/d.
- Storage in Germany is at 198.4Wh (79.1% full), Italy is at 155.7TWh (79.8%), Netherlands at 107.7TWh (75.6%), Austria at 77.9TWh (80.4%) and France at 78.9TWh (59.9%).
- TTF JUL 23 down -5.5% at 32.23€/MWh
- TTF WIN 23 down -2.8% at 49.5€/MWh
Source: MNI / GIE
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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.