Storage

European countries continue to pursue carbon capture and storage (CCS) projects as part of wider climate change efforts, despite ongoing concerns about costs and viability.

The presence of hedge funds in gas markets has increased, leading to questions over their impact on gas prices, Gastech attendees heard.

Denmark has launched ambitious plans to scale up CCS projects in order to meet the country’s climate targets but will need to resolve a number of challenges on the way including access to sufficient storage capacity.

EU gas storage hit its 90% target ahead of schedule in August and looks well-positioned to handle winter demand, but needs to do more in the long-term.