Czech gas storage facilities are more than 70% full and will be full by winter, Síkela says

Czech gas storage facilities are currently more than 70 percent full, holding over 2.5 billion cubic meters of gas. Industry and Trade Minister Jozef Síkela (STAN) announced this today on Twitter. According to official figures, current reserves are several times higher than at the same time last year. Síkela said the current pace of filling is sufficient to ensure the storage facilities are completely full before winter.

The storage facilities have been gradually filling for several weeks. According to the minister, savings in consumption are playing a crucial role in filling them quickly. „This year, compared with last year, when we already made very significant savings, we have saved more than half a billion cubic meters, and compared with 2021, over 1.5 billion cubic meters,“ Síkela said. He also urged people to continue saving.

Wholesale gas prices for the European market fell below 25 euros (about CZK 590) per megawatt-hour (MWh) in recent days, reaching a two-year low. Síkela said the fall in gas prices on the exchange should gradually be reflected in prices for end customers.