Dutch winter gas storage levels reach minimum limit of 64%
The Netherlands has met its target for filling its gas reserves before the onset of winter, but only after reducing...
The Netherlands has reached its winter gas storage minimum limit of 64%, meeting its target after lowering expectations due to rising energy prices. The Dutch government initially aimed for 80% capacity by November 1 in 2022 following Russia's invasion of Ukraine, which caused wholesale gas prices to spike. However, last year the country only managed to fill its reserves to 73.6%.
The surge in prices following the U.S. military action against Iran led to the state energy company EBN, responsible for purchasing winter supplies, reducing its orders. In August, reserves were at 45% capacity, prompting EBN to request a government-mandated target of 64%, the minimum agreed upon by EU member states. Since then, reserves have increased to 65.5% and the company hopes to maintain this level for another two weeks.
In comparison, last year's peak occurred on November 1 and began to decline on November 7, with the lowest point reaching 4.5% on April 2.
Written by urgent.news from DutchNews's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
