As War Drags on, Winter Gas Shortages Loom in Europe
14 Articles
14 Articles
Gas reserves in Europe ' s underground storage facilities rose to 65.63% on 1 September, as reported by the Gas Infrastructure Europe (GIE) Association of European Gas Infrastructure Operators.
Bloomberg reports that Europe is heading into winter with dangerously thin gas reserves, a shortfall that threatens to intensify competition for supply on the global market
According to Bloomberg's own calculations, European countries still need to inject over 100 terawatt-hours of gas, worth more than €7 billion at current prices, just to reach the region's lowest storage target of 75%. Hitting that number would...
Europe is bracing for winter with low gas reserves. Replenishment could cost billions, while gas prices could continue to rise.
Even if these quantities of natural gas are covered, storage capacity will still not exceed 75%, Bloomberg estimates The post Natural gas: 7 billion shortfall in reserves in Europe – Concerns about price increases in winter appeared first on in.gr.
However, the situation remains very far from that of 2022 after the outbreak of the war in Ukraine, when gas prices had blazed to their highest historical level. ...
Storage remains low, the Middle East keeps LNG flows shut, and Europe needs over 100 TWh to reach even the lowest fill target
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