In 2023, Germany led European natural gas stocks with a slight annual growth rate of 3.7%, closely followed by Ukraine, despite a moderate increase of 2.62%. Notable positive shifts were seen in France (6.08%), Austria (7.35%), and Hungary (10.1%). Some countries, like Norway and Lithuania, experienced declines in their stocks. The last five years showed varied Compound Annual Growth Rates (CAGR), with stark differences in storage capabilities and trends across Europe.
Looking forward, factors affecting future trends include geopolitical shifts, supply chain stability, and ongoing initiatives for energy diversification. Observing the transition towards renewable energy sources and regulatory changes will be crucial for anticipating stock capacity and demand.
Top countries in Opening Stock of Natural Gas by Country
| # | 10 Countries | Terajoules | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 668,910 | 2023 | +0.0091% | +3.7% | View data |
| 2 | 2 Ukraine | 628,090 | 2023 | +1.38% | +2.62% | View data |
| 3 | 3 Italy | 595,300 | 2023 | +1.81% | +1.44% | View data |
| 4 | 4 France | 401,300 | 2023 | +0.91% | +6.08% | View data |
| 5 | 5 Netherlands | 388,170 | 2023 | +1.7% | +5.12% | View data |
| 6 | 6 Austria | 300,840 | 2023 | +3.84% | +7.35% | View data |
| 7 | 7 Hungary | 228,790 | 2023 | +3.63% | +10.1% | View data |
| 8 | 8 Slovakia | 141,040 | 2023 | +5.13% | +9.67% | View data |
| 9 | 9 Spain | 116,730 | 2023 | +4.84% | +5.75% | View data |
| 10 | 10 Poland | 115,440 | 2023 | +2.87% | +2.08% | View data |
