Italian stocks dip to 95.1% fullness as injection season closes
Italian stocks dropped to 95.1% fullness in the week to 29th October, according to the latest data from storage operator Stogit. Storage levels fell week-on-week from 8.25 Gm3 to 8.06 Gm3, as injections amounting to 18.68 Mm3 were outstripped by withdrawals of 205.17 Mm3. As a result, storage fullness dipped from 97.3% to 95.1%.
This prompted Stogit to revise down its end-of-month forecasts (31st October) from 8.27 Gm3 last week to 7.98 Gm3 this week, as the injection season ends on Wednesday.
The storage operator had to previously reassess its forecast of the amount that would be in store by the end of the injection season because injections into the 500 Mm3 Settala storage site were delayed until the beginning of October. Stogit had been waiting for authorisation from the Ministry of Economic Development to inject into the facility, which had been granted automatically in previous years. DL
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