Europe's gas storage facilities are nearly 92% full as winter approaches, but tensions are rising between Italy and Germany over their respective preparedness. Snam CEO Agostino Scornajenchi highlighted that Italy has met its obligation to fill storage to 90% capacity, unlike other countries, particularly Germany. The German government dismissed claims that delayed storage purchases were driving up prices, which currently stand at 100 euros per megawatt-hour, up from a potential 70 euros if Germany had acted sooner.
Italy's proactive approach, starting storage fills in March when prices were around 40 euros per MWh, has left it with the highest storage levels in Europe. The continent's average stands at 75%, while Germany's facilities are only 61.7% full. Scornajenchi emphasized that Italy's actions were driven by duty rather than speculation, ensuring energy security as winter begins.
Minister for the Environment and Energy Security Gilberto Pichetto Fratin noted that while Italy's issue is gas prices, other countries face shortages. He warned of potential demand-reduction measures at the European level, stressing the need for solidarity among member states. The anniversary celebrations of Snam, attended by Italy's Head of State Sergio Mattarella and other high-ranking officials, underscored the country's commitment to energy security.