Gas Infrastructure Europe: Security of Supply Report 2025

Institution: Gas Infrastructure Europe (GIE)

Date: January 28, 2025

URL: https://www.gie.eu (AGSI transparency platform)

File: gie-security-of-supply-report-2025.pdf

Summary

This GIE press release and briefing from January 28, 2025 (published before the February 2026 Hormuz closure) provides the pre-crisis baseline for EU gas security. It reports that EU underground gas storage stood at 60% capacity at the time of publication (compared to 72% the prior year), with storage covering up to 60% of daily peak demand in EU Member States. GIE highlights that despite the end of the Russia-Ukraine gas transit agreement on December 31, 2024, no major supply disruptions occurred, demonstrating the resilience of Europe's adapted gas infrastructure.

Key Findings

1. **EU gas storage level (January 28, 2025):** EU underground gas storage at **60% capacity**, compared to 72% at the same time the prior year. Storage covers up to **60% of daily peak demand** in EU Member States. (GIE, January 2025)

1. **Three consecutive years of high pre-winter filling:** The 90% storage target was reached as early as mid-August 2024 — months ahead of the November 1st deadline. This was the third consecutive year of exceptionally high storage filling levels before winter. (GIE, January 2025)

1. **No disruption from end of Russian transit:** Despite the end of the Russia-Ukraine gas transit agreement (December 31, 2024), no major gas supply disruptions occurred. The gas infrastructure — storage facilities, LNG terminals, and pan-European pipelines — adapted swiftly to alternative routes and flows. (GIE, January 2025)

1. **Cold spells tested resilience:** Recent cold spells underscored the importance of gas infrastructure in maintaining stability during demand surges. (GIE, January 2025)

1. **Market price concern for refill:** Market price signals were low at time of publication, which could hamper refill efforts to the 90% threshold by November as mandated by the Security of Supply Regulation. GIE flagged this as a "pressing concern." (GIE, January 2025)

1. **AGSI and ALSI transparency platforms:** GIE's AGSI (Aggregated Gas Storage Inventory) and ALSI (Aggregated LNG System Inventory) platforms provide daily reports from infrastructure operators covering **100% of EU27**, recognized as the industry standard for transparency. (GIE, January 2025)

1. **Storage as insurance component undervalued:** GIE highlighted that the "insurance value" of storage was being undervalued by low market prices, a concern for incentivizing adequate refill ahead of subsequent winters. (GIE, January 2025)

1. **Post-winter evaluation planned:** A full assessment of the Security of Supply situation was planned for the end of the winter season, focusing on remaining storage levels relative to consumption. (GIE, January 2025)

Entities Mentioned

• **Organizations:** Gas Infrastructure Europe (GIE), European Commission, EU Member States national regulators
• **Places/Countries:** EU27, Ukraine, Russia
• **Infrastructure:** AGSI (Aggregated Gas Storage Inventory) platform, ALSI (Aggregated LNG System Inventory) platform, underground gas storage (UGS) facilities, LNG terminals, pan-European pipeline network
• **Numbers:** 60% (storage level Jan 2025), 72% (storage level Jan 2024 comparison), 60% (storage as share of daily peak demand), 90% (EU storage filling target), 100% (EU27 coverage by GSI platforms)

Relevance to Q1/Q2/Q3

• **Q1 (Hormuz closure extent):** Not directly relevant — this is pre-crisis baseline data from January 2025. Useful for establishing what the EU gas storage picture looked like before the February 2026 shock.
• **Q2 (Price impact):** Low direct relevance — this source focuses on storage levels and infrastructure readiness, not price forecasting. However, the documented decline in storage (60% vs 72% YoY) and low market price signals for refill are leading indicators of potential market tightness.
• **Q3 (Europe gas/security):** High direct relevance — core institutional source for EU gas infrastructure resilience. Documents EU's swift adaptation to loss of Russian transit (December 2024) and the critical role of LNG terminals and storage in maintaining supply security. The AGSI platform data provides the measurement framework for monitoring the impact of the Hormuz closure.

Related Articles

Q1-SUPPLY-DESTRUCTION Q2-PRICE-IMPACT Q3-EUROPE-IMPACT

Cross-references: GIE-Security-Supply-2025 ↔ EU-Commission-Gas-Security ↔ ENTSOG ↔ EC-EU-Prepared ↔ Bruegel ↔ IndexBox