The gas supplies have fallen below the 70% in Italy and just below the 61% in Europe after a period of intense cold occurred on January 18th. According to data reported by Gas Infrastructure Europewith the 60.97% equal to 699.76 TWhEurope has storage equivalent to 20% of the average annual consumption Of 3,495.22 TWh.
Situation in Italy, Germany and Europe
- Italy: Stocks are at 69.66%equal to 139.37 TWhcovering the 20.68% of the average annual consumption Of 673.87 TWh.
- Germany: Stocks stand at 65.03%equal to 163.56 TWhcorresponding to 18.79% of the average annual consumption Of 879.13 TWh.
Gas prices falling at TTF in Amsterdam
THE futures on February al Amsterdam TTF have recorded a decline in1.04%going down to 46.39 euros/MWh.
Italian Gas Index (IGI) rising
The value ofIGI index (Italian Gas Index) for January 20th it is equal to 50.16 euros/MWhup compared to January 19, when it stood at 48.50 euros/MWh. This is communicated by GME (Energy Markets Manager).
The index, calculated daily by GME, is one interpretation and evaluation tool of the dynamics observed on the gas markets in Italy. It is proposed as a reference transparent and replicable by operators for operations hedging or for supply contracts.
Outlook for the next few months
With the progressive exhaustion of gas reservesthe next few months could be critical, especially in case of harsh weather conditions. A possible increase in demand could lead to a new price surgeboth on European markets and at local level. The current falling prices, however, could incentivize new supplies, allowing stocks to be replenished in view of the spring season.
Furthermore, possible political and regulatory interventions at a European level could favor greater market stability, reducing the risks linked to possible supply crises or geopolitical tensions. The commitment towards greater diversification of energy sources and the optimization of consumption to mitigate the impact of any fluctuations in gas prices remains central.