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IPGS ENERGYPOWER & GAS SOLUTIONS
Gas Market··3 min read

Natural gas storage

How underground storage facilities work to guarantee supply security in Italy.


Natural gas storage is a strategic activity for Italy's energy security. Gas is injected into underground depleted reservoirs during summer months (when demand is low) and withdrawn during winter (when heating demand peaks).

The storage cycle

Annual Gas Storage Cycle INJECTION Apr – Oct STORAGE Underground reservoirs WITHDRAWAL Nov – Mar Cycle repeats every year

Italy's capacity

~18 Bn
Smc total capacity
90%
EU fill target by Nov 1st
Stogit
Main operator (Snam)

The Italian system

Italy has a storage capacity of about 18 billion Smc, among the largest in Europe. The main operators are Stogit (Snam group) and Edison Stoccaggio. Storage sites are concentrated in the Po Valley, at the location of former depleted gas fields.

Three types of storage

  • Strategic storage — mandatory reserve for national emergencies, managed under Ministry directives
  • Modulation storage — covers seasonal demand variability
  • Balancing storage — compensates daily imbalances between injections and withdrawals

Impact on prices

Storage fill level is a key market indicator. Full storage at the start of winter tends to stabilize prices; low levels generate tension and increases. After the 2022 crisis, the EU introduced a mandatory 90% fill requirement by November 1st of each year, to prevent scarcity scenarios.

Indicator to monitor: European storage fill data is published in real-time on AGSI+ (aggregatedstorage.gie.eu). A high fill level at the start of autumn signals more contained winter prices. Use this indicator to plan gas purchases and hedging strategies.

Informational content by IPGS Energy. Information is reviewed as of the stated update date and does not replace a contractual, tax or regulatory assessment specific to an individual business.

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