On Tuesday 17 October, the European Network of Transmission System Operators for Gas (ENTSOG) published its in-depth analysis of Europe's gas supply outlook for the winter of 2023-2024. This strategic report provides an overview of the European Union's ability to meet its gas needs, particularly in scenarios of prolonged disruption of supply from Russia.
According to the published data, on 1 October 2023, the average level of gas storage in the EU was 96%, equivalent to 1,091 TWh. This is the highest level recorded in the last five years. This high level of storage, combined with the implementation of new infrastructure projects and increased cooperation within Member States, demonstrates Europe’s ongoing commitment to diversifying its sources of supply and reducing its dependence on single suppliers.
ENTSOG has also carried out a series of simulations to assess the robustness of the European gas system in the face of different eventualities. The results show that the EU is in good shape to manage situations of increased demand, even in scenarios of total disruption of Russian supplies.
However, the report highlights a key issue: the need for prudent management of reserves. Excessive withdrawal at the start of the season could compromise flexibility at the end of the season, particularly in the event of severe weather conditions.
The Managing Director of ENTSOG, Piotr Kuś, stressed the importance of pursuing injection strategies during the summer period in order to guarantee optimum energy security.
The report: https://aeur.eu/f/94o (Original version in French by Nithya Paquiry)