The European closing stock of natural gas saw varied changes across countries in 2023. Germany, Ukraine, and Austria showed significant growth in stock levels with 7.47%, 4.59%, and 8.58% increases respectively. Meanwhile, Italy and the Netherlands experienced declines, with rates of -1.3% and -2.96%. Hungary and Romania demonstrated remarkable increases, 14.58% and 15.13% respectively, indicating a strategic buildup. Notably, Latvia’s stocks plummeted by 23.2%. Over five years, some countries have maintained steady growth or decline patterns, shaping the regional energy landscape.
Future trends to monitor include:
- Germany’s continued strategic stockpile growth, potentially leveraging its position as a European energy hub.
- Ukraine’s capacity adjustments in response to geopolitical factors and global market dynamics.
- The impact of green energy transitions within the EU on natural gas demand and storage patterns.
- Adaptations from countries with negative growth, such as Italy and the Netherlands, in accessing alternative energy sources.
Top countries in Closing Stock of Natural Gas by Country
| # | 10 Countries | Million Cubic Meters | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 23,410 | 2023 | +9.04% | +7.47% | View data |
| 2 | 2 Ukraine | 16,990 | 2023 | +2.18% | +4.59% | View data |
| 3 | 3 Italy | 14,070 | 2023 | +0.56% | -1.3% | View data |
| 4 | 4 France | 10,120 | 2023 | +5.65% | +2.56% | View data |
| 5 | 5 Netherlands | 9,950 | 2023 | +0.4% | -2.96% | View data |
| 6 | 6 Austria | 8,330 | 2023 | +8.73% | +8.58% | View data |
| 7 | 7 Hungary | 6,360 | 2023 | +6.12% | +14.58% | View data |
| 8 | 8 Slovakia | 3,850 | 2023 | +10.11% | +13.27% | View data |
| 9 | 9 Spain | 3,580 | 2023 | +8.36% | +5.7% | View data |
| 10 | 10 Poland | 3,470 | 2023 | +5.69% | +5.88% | View data |
