Gasunie announced on Friday morning that the Netherlands has begun the cautious process of replenishing its gas reserves, with the first intake taking place on Thursday. Following a particularly harsh winter, stocks had plummeted to just 4.5 percent, marking the lowest level seen in at least a decade. While energy firms are permitted to start refilling storage facilities from April, there were concerns that high market prices, driven by conflict in the Middle East, might deter companies from buying.
Although the specific increase from Thursday is not yet reflected on the National Energy Dashboard, Gasunie has repeatedly stressed that the low levels are no cause for panic. These reserves are designed as a seasonal buffer specifically for winter use. Furthermore, the country continues to receive steady supplies through Norwegian pipelines and shipments of liquefied natural gas.
Energy companies now have until 1 November to ensure stocks are sufficiently restored for the coming year. However, because the spike in global gas prices makes this a potentially expensive operation, Gasunie is closely monitoring the situation. If the pace of replenishment proves too slow, the Ministry of Climate and Green Growth can appoint an official filling agent to take over. The ultimate goal is to ensure that storage facilities are 87 percent full by the end of the season.
@anp | NEWS BRAINPORT
