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Free AccessEU Winter End Gas Stocks Expected Near Five Year Range High
European gas storage is on track to finish the winter heating season near the top of the five year range.
- Current total European storage is 65.22% full at 730.75TWh compared to the five year average of 45.08% full according to GIE data. The current withdrawal rate is today slightly below normal at approximately 5,170GWh/d.
- Based on the withdrawal rates from the last ten years the European stocks are expected the end to winter heating season at the end of March between 0.43% and 0.61% full.
- The countries with the largest gas storage volumes are Germany at 177.91TWh (72.16% full), Italy at 125.53Wh (64.89%), Netherlands at 89.47Wh (64.39%), Austria at 69.43TWh (71.77%) and France at 68.74TWh (51.45%).
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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.