France ready to face winter thanks to solid gas infrastructures

France assures it has the necessary infrastructures to meet its gas needs this winter while supporting its European neighbors, despite potential drops in temperatures.

Share:

France is preparing to face the winter with confidence, thanks to the strength of its gas infrastructures. According to gas transport network managers GRTgaz and Teréga, the current capacity will allow France to meet national demand and support other European countries, even in the case of very low temperatures. This conclusion is detailed in their report “Gas Outlook” for 2024-2025, which highlights optimistic forecasts regarding supply and stock management.

Supply and stock management

The current level of gas stocks in France is one of the key elements ensuring energy security this winter. As of October 23, 2024, gas reserves were filled to 95%, a level similar to that of previous winters, allowing the country to face a cold and prolonged winter. France also benefits from sustained import flows, mainly from Norway, the Netherlands, and Spain, as well as liquefied natural gas (LNG) delivered to methane terminals.

Adaptation to reduced Russian imports

Since the winter of 2021-2022, despite a 70% reduction in Russian gas imports, the European gas system has adapted to maintain their energy security. Twelve new entry points for gas imports have been created in Europe since 2022, with four expected to be operational by the end of 2024. These new points help diversify supply sources, notably with LNG imports from the United States.

European solidarity and energy sobriety

During the winter of 2023-2024, France strengthened its energy solidarity with its European neighbors by ensuring a significant gas transit to Germany, Belgium, and Switzerland. In total, 83 TWh of gas were sent to these countries through the French network. However, GRTgaz and Teréga warn that periods of intense and late cold could put pressure on stocks, especially if they are overused at the beginning of winter.

Call for sobriety and stock preservation

Network managers are calling for continued energy sobriety efforts, as seen in previous winters, to preserve stocks for the entire season. A prudent management of reserves at the beginning of winter is considered crucial to avoid any risk of shortages during a late cold wave.

Despite the challenges posed by geopolitics and climatic conditions, France and Europe are now better equipped to guarantee their energy security, relying on rigorous supply management and cooperation between countries.

Solar power generation increased sharply in the United States in June, significantly reducing natural gas consumption in the power sector, despite relatively stable overall electricity demand.
Golden Pass LNG, jointly owned by Exxon Mobil and QatarEnergy, has asked US authorities for permission to re-export liquefied natural gas starting October 1, anticipating the imminent launch of its operations in Texas.
Delfin Midstream reserves gas turbine manufacturing capacity with Siemens Energy and initiates an early works programme with Samsung Heavy Industries, ahead of its anticipated final investment decision in the autumn.
Norwegian group DNO ASA signs gas offtake contract with ENGIE and secures USD 500 million financing from a major US bank to guarantee future revenues from its Norwegian gas production.
Golar LNG Limited has completed a private placement of $575mn in convertible bonds due in 2030, using part of the proceeds to repurchase and cancel 2.5 million of its own common shares, thus reducing its share capital.
Shell Canada Energy announces shipment of the first liquefied natural gas cargo from its LNG Canada complex, located in Kitimat, British Columbia, primarily targeting fast-growing Asian economic and energy markets.
The Australian government is considering the establishment of an east coast gas reservation as part of a sweeping review of market rules to ensure supply, with risks of shortages signalled by 2028.
The increase in oil drilling, deepwater exploration, and chemical advances are expected to raise the global drilling fluids market to $10.7bn by 2032, according to Meticulous Research.
The small-scale liquefied natural gas market is forecast to grow at an annual rate of 7.5%, reaching an estimated total value of $31.78bn by 2030, driven particularly by maritime and heavy-duty road transport sectors.
The European Union extends gas storage regulations by two years, requiring member states to maintain a minimum fill rate of 90% to ensure energy security and economic stability amid market uncertainties.
Energy Transfer strengthens its partnership with Chevron by increasing their liquefied natural gas supply agreement by 50% from the upcoming Lake Charles LNG export terminal, strategically aiming for long-term supply security.
Woodside finalises the divestment of a 40% stake in the Louisiana LNG project to Stonepeak, injecting $5.7 billion to accelerate developments and optimise financial returns ahead of first gas delivery scheduled in 2026.
Keranic Industrial Gas seals a sixty-day exclusivity deal to buy Royal Helium’s key assets, raise CAD9.5mn ($7.0mn) and bring Alberta’s Steveville plant back online in under fifteen weeks.
The Irish-Portuguese company Fusion Fuel strengthens its footprint in the United Arab Emirates as subsidiary Al Shola Gas adds AED4.4 mn ($1.2 mn) in new engineering contracts, consolidating an already robust 2025 order book.
Cheniere Energy validates major investment to expand Corpus Christi terminal, adding two liquefaction units to increase its liquefied natural gas export capacity by 2029, responding to recent international agreements.
A study by the International Energy Agency reveals that global emissions from liquefied natural gas could be significantly reduced using current technologies.
Europe is injecting natural gas into underground storage facilities at a three-year high, even as reserves remain below historical averages, prompting maximized imports of liquefied natural gas (LNG).
South Korea abandons plans to lower electricity rates this summer, fearing disruptions in liquefied natural gas supply due to escalating geopolitical tensions in the Middle East, despite recent declines in fuel import costs.
Russia positions itself to supply liquefied natural gas to Mexico and considers expanded technological sharing in the energy sector, according to Russian Energy Minister Sergey Tsivilyov.
Israel has partially resumed its natural gas exports to Egypt and Jordan following a week-long halt due to the closure of two major offshore gas fields, Leviathan and Karish.