(Finance) – The gas stocks in the European Union dropped to 50.63% to 581 TWH on 5 February. According to Gas Infrastructure Europe (GIE), it is a value of just over 16% of the average annual needs of 3,495.22 TWH. On February 21, 2024 the EU supplies were 64.7% to 737 TWH.
For Italy, the situation is better with 60.94% of 121.93 TWH storage, equal to 18% of the average annual needs of 673.87 TWH. A data, the Italian one, which appears to be above the level recorded on February 21, 2024, when the stocks were 59.2% to 116.61 TWH.
Much under the levels of 2024 is instead Germany, which drops from 71.15% to 181.3 TWH to 51.39% to 129.31 TWH. A data, the latter, equal to 14.86% of the average annual needs of the country of 870.13 TWH.
Meanwhile, the natural gas price on the TTF market in Amsterdam continues, where future contracts on the month of March mark a rise of 0.76% to 54.92 euros per MWH, a level that had not touched from 23 October 2023.