France exceeds 90% filling for the winter
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The country would thus be on the right track to reach 100% before the end of November, according to the European platform Aggregated Gas Storage Inventory (AGSI).
France had filled its gas stocks for the winter to 90.06% on Thursday morning, according to the European Aggregated Gas Storage Inventory (AGSI) platform, on track to achieve the government’s objective of reaching 100% before November in order to to deal with potential shortages linked to the war in Ukraine.
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In detail, the stocks of Teréga, one of the two operators of the gas transmission network in France, were at 91.21% of their capacity, when those of Storengy, a subsidiary of Engie were at 89.67%. , according to the AGSI website.
More “favorable” situation than its neighbors
The Russian giant Gazprom has since the start of the war in Ukraine stopped gas deliveries to several European countries and drastically reduced its deliveries to Europe via the Nord Stream gas pipeline in June. France, which claims to be in a more “favorablethan its neighbours, is counting on gas stocks filled to the maximum and on a new LNG terminal next year to deal with other potential supply cuts.
The Minister for Energy Transition, Agnès Pannier-Runacher, had indicated earlier in the summer that the government’s objective was to fill the stocks to 100% “before the first of November», whereas the operators are usually obliged to only fill these reserves to 85% on this date.
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The country now seems well ahead of this strategic objective. Especially since “it is on the question of Russian gas that part of the growth in Europe will be played out in the coming monthsand the risk of recession, said Economy Minister Bruno Le Maire on Wednesday. “Everything will depend on Vladimir Putin’s decisions on gas“, he indicated on France 5, “If he ever decides to cut the gas for the EU and the euro zone, we assess the impact on growth, for France alone, at half a point of GDP, and probably more for other more dependent economies. Russian gas that we“.
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