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Ghazouni highlights Netherlands' gas storage failure
Gazoni, the company operating the gas network in the Netherlands, has warned that the country may struggle to achieve its storage filling target before winter. Currently, storage capacity is only 45% full, the lowest level in decades and well below the five-year average of 73%. This situation poses risks for the Netherlands in terms of reduced flexibility and increased price volatility if cold waves intensify, although not reaching the storage goal does not directly threaten the security of gas supplies. These developments are particularly significant given the Netherlands' role as a major energy trading hub in Europe and as a key supplier to neighboring countries, with Germany relying on imports from the Netherlands for over 20% of its needs.
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