EU Commissioner for Energy Kadri Simson said that the bloc is “well-prepared” for winter. Credit: European Parliament.

The EU has announced that it has reached its target of filling its natural gas storage facilities to 90% ahead of its 1 November deadline.  

According to Gas Infrastructure Europe, storage levels have reached 1024 TWh or 90.12% of storage capacity (equivalent to just over 93 billion cubic metres (bcm) of natural gas. 

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Europe has been on track to fill its gas storage facilities since earlier this summer. The bloc will use the supplies throughout winter. 

“Today’s confirmation that we have met our gas storage requirements so far ahead of schedule underlines that the EU is well-prepared for winter, and this will help to further stabilise markets in the coming months,” said EU Commissioner for Energy, Kadri Simson, in a statement published on 18 August. 

“The Commission will continue to monitor the situation so that storage levels remain sufficiently high as we enter the next winter. Let me recall that we can further strengthen our position through investments in renewables and energy efficiency,” she added.  

See Also:

The EU has emphasised the storage of natural gas stance following Russia’s invasion of Ukraine and its impacts on global energy supply chains. The bloc has a target to eliminate all Russian fossil-fuel imports by 2027 in a bid to limit the Kremlin’s ability to finance the ongoing war. 

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Russian gas represented 23.6% of EU imports in the first 32 weeks of 2022 and 8.4% so far in 2023. The bloc has shifted to alternative suppliers and taken steps to reduce demand. 

“We have seen in recent weeks that the gas market remains sensitive,” Simson noted. “The EU energy market is in a much more stable position than it was this time last year”. 

Typically, Europe’s gas storage facilities reach current levels in October.