The Danish Energy Agency has held three tenders for gas storage obligations in the autumn. This has led to the filling rate of Danish gas storages increasing from 33 to more than 63 percent, which strengthens security of supply ahead of the heating season. This is stated by the Danish Energy Agency in a press release.
- Denmark generally has a high security of supply, also for gas, but with an increased filling of the storages we are in an even better position and are entering the cold months in a robust manner, says Peter Christian Baggesgaard Hansen, Deputy Director General of the Danish Energy Agency.
Overall, the three tender rounds have contributed to the significant increase in the filling rate, but Denmark still does not reach the EU's target of 90 percent filled storages. However, according to the Danish Energy Agency, this has not led either the EU Commission or other member states to demand further measures from Denmark.
"The Danish Energy Agency has been in ongoing dialogue about Denmark's failure to meet the EU's gas storage filling targets. Neither the EU Commission nor the other EU member states have recommended that Denmark take further measures. This is partly based on the Danish Energy Agency's assessment of the security of gas supply. Denmark is therefore in a good situation compared to other countries in the EU, as we have good access to gas from many different sources," the statement reads.
The reason why Denmark is considered to be in a solid position in relation to gas supply is, among other things, that the country's own production from the North Sea exceeds national consumption and because biogas covers around 40 percent of total gas consumption. In addition, gas can be imported via the Baltic Pipe. Denmark's gas capacity is also modest and amounts to approx. one percent of the EU's total storage capacity.
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