Business · Energy & Commodities · 11 hrs ago

Italy reaches 90% gas storage target 10 days before winter

Italy reaches 90% gas storage target 10 days before winter

Italy has filled its gas storage sites to 90% ahead of the winter season.

The country reached that target 10 days early, based on the latest available figures.

The European Union’s average storage level is 74.5%.

Italy has 13 storage sites, with about one-sixth of Europe’s total storage capacity.

Snam chief executive Agostino Scornajenchi said the reserves support energy security and can help cover winter demand.

Storage is necessary but not enough to make the gas system resilient, he said, and the available reserves may help ease price pressures linked to tensions in the Middle East.

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What people are saying

Agostino ScornajenchiSnam chief executive
This result confirms the effectiveness of the activities carried out by institutions and system operators and the strength of the national energy security model, allowing Italy to meet the objectives set by the European regulatory framework ahead of schedule.
via ANSA
Storage is a necessary, though not sufficient, condition for strengthening the resilience of the gas system and the country’s ability to face the winter season with a high level of reserves, guaranteeing supplies and benefiting households and businesses.
via ANSA