In 2023, Germany led Europe in closing stock of natural gas with a 7.24% increase. Ukraine and Austria also showed significant growth at 3.02% and 8.84%, respectively. Italy and the Netherlands faced declines of 1.02% and 3.22%. Hungary, Slovakia, and Romania experienced robust increases, with Hungary leading at 14.8%. Countries like France and Spain also reflected positive trends, whereas Denmark and Norway saw slight decreases. Noteworthy is Latvia's dramatic decline of 25.61%. This varied performance indicates a dynamic shift in natural gas storage across Europe.
Looking forward, European countries may experience shifts in gas storage strategies due to geopolitical influences and energy transition initiatives. Watch for changes stemming from renewable energy developments and Europe's push for energy independence. Countries showing growth like Austria and Hungary may continue their upward trends, while those with declines could adjust their strategies to stabilize or increase their stocks.
Top countries in Closing Stock of Natural Gas Share by Country (Terajoules)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 21.29 | 2023 | +8.41% | +7.24% | View data |
| 2 | 2 Ukraine | 14.2 | 2023 | +0.0086% | +3.02% | View data |
| 3 | 3 Italy | 12.64 | 2023 | +1.28% | -1.02% | View data |
| 4 | 4 France | 9.89 | 2023 | +5.61% | +2.42% | View data |
| 5 | 5 Netherlands | 7.71 | 2023 | +0.43% | -3.22% | View data |
| 6 | 6 Austria | 7.58 | 2023 | +8.95% | +8.84% | View data |
| 7 | 7 Hungary | 5.87 | 2023 | +7.11% | +14.8% | View data |
| 8 | 8 Spain | 3.58 | 2023 | +10.61% | +6.72% | View data |
| 9 | 9 Slovakia | 3.28 | 2023 | +10.93% | +13.85% | View data |
| 10 | 10 Poland | 3.08 | 2023 | +6.76% | +6.04% | View data |
