In 2023, Germany led in the European Opening Stock of Natural Gas with 18.02 BCM, followed by Ukraine (17.32 BCM) and Italy (15.62 BCM). Germany saw a 4.72% increase year-on-year, while Ukraine and Italy rose by 3.71% and 1.44% respectively. France's stock increased by 6.67%, marking significant improvement, and Austria saw a 7.26% rise. Noteworthy is Hungary's 9.38% increase and Slovakia's 8.73% growth. Poland's stock saw modest growth at 2.0%, while Spain increased by 4.79%. The UK witnessed a slight increase at 0.69%. On the other hand, several countries experienced negative trends, including Lithuania (-7.15%) and Latvia (-18.79%). Belgium had the highest increase at 10.55%, underscoring a strong growth trend.
Future trends to watch for include potential fluctuations driven by geopolitical factors, reliance on renewable energy sources, and regulatory changes within the EU. Increased storage capacities in key countries and ongoing diversification of supply sources will also play crucial roles in shaping the European natural gas landscape.
Top countries in Opening Stock of Natural Gas by Country
| # | 10 Countries | Million Cubic Meters | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 18,020 | 2023 | +2.15% | +4.72% | View data |
| 2 | 2 Ukraine | 17,320 | 2023 | +2.57% | +3.71% | View data |
| 3 | 3 Italy | 15,620 | 2023 | +1.8% | +1.44% | View data |
| 4 | 4 Netherlands | 11,650 | 2023 | +1.7% | +5.12% | View data |
| 5 | 5 France | 9,630 | 2023 | +1.73% | +6.67% | View data |
| 6 | 6 Austria | 7,760 | 2023 | +3.6% | +7.26% | View data |
| 7 | 7 Hungary | 5,710 | 2023 | +2.17% | +9.38% | View data |
| 8 | 8 Slovakia | 3,530 | 2023 | +4.23% | +8.73% | View data |
| 9 | 9 Poland | 3,050 | 2023 | +3% | +2% | View data |
| 10 | 10 Spain | 2,760 | 2023 | +2.57% | +4.79% | View data |
