In 2023, Germany led Europe's natural gas stocks with 903.08 thousand terajoules, growing by 7.24% year-on-year, followed by Ukraine at 602.34 with a 3.02% increase, and Italy at 535.94 with a slight decline of 1.02%. Austria, Hungary, and Slovakia showed significant growth, at 8.84%, 14.8%, and 13.85%, respectively. Some countries like the Netherlands, Denmark, and Norway saw decreasing reserves, reflecting a shift in supply dynamics. Latvia experienced a drastic reduction of 25.61%. The compound annual growth rates may vary significantly due to geopolitical and market conditions impacting supply chains.
Future trends to monitor include shifts toward renewable energy affecting gas demand, ongoing geopolitical tensions influencing supply security, and infrastructure investments in diversification strategies such as liquefied natural gas (LNG) terminals. Additionally, the dynamics of European and global gas markets are likely to evolve with regulatory changes and energy transition goals influencing stock volume fluctuations.
Top countries in Closing Stock of Natural Gas by Country
| # | 10 Countries | Terajoules | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 903,080 | 2023 | +8.41% | +7.24% | View data |
| 2 | 2 Ukraine | 602,340 | 2023 | +0.0086% | +3.02% | View data |
| 3 | 3 Italy | 535,940 | 2023 | +1.28% | -1.02% | View data |
| 4 | 4 France | 419,480 | 2023 | +5.61% | +2.42% | View data |
| 5 | 5 Netherlands | 327,010 | 2023 | +0.43% | -3.22% | View data |
| 6 | 6 Austria | 321,320 | 2023 | +8.95% | +8.84% | View data |
| 7 | 7 Hungary | 248,770 | 2023 | +7.11% | +14.8% | View data |
| 8 | 8 Spain | 151,780 | 2023 | +10.61% | +6.72% | View data |
| 9 | 9 Slovakia | 139,050 | 2023 | +10.93% | +13.85% | View data |
| 10 | 10 Poland | 130,690 | 2023 | +6.76% | +6.04% | View data |
