‘Winter panic’: EU gas stores at their lowest level in 13 years
16 Articles
16 Articles
Europe struggles to fill its gas storage facilities as winter approaches due to the Strait of Hormuz crisis - Prices expected to rise The post Natural gas: European stocks at lowest level in 13 years appeared first on in.gr.
The European energy market is on high alert ahead of winter, as EU natural gas stocks are at their lowest levels for the season in 13 years. According to the latest available data, natural gas storage facilities in the EU were only 63% full in the last week of August, compared to around 80%, which is the average in recent years for the same period. The development has caused what market analysts describe as a “winter panic”, as the closer the h…
Europe is the first to study the months with the lowest reserves of natural gas from the age of 13, some times before serious energy security. Experts warn before The Guardian that the temperature of pumping gas into storage facilities is still weak, the situation can be corrected significantly high before winter. In the last week of August, gas storage facilities in the EU amounted to about 63%, with an average of 80% over the same period befor…
Europe is heading into the colder months with the lowest gas stocks in 13 years, causing a "winter panic" among energy traders, experts have warned.
Europe is preparing to enter the cold season with gas deposits at the lowest level in the last 13 years, which has caused a "winter panic among energy trades," warns experts.
EU gas stocks are struggling to meet a reduced target of 80% by the start of winter, since the US-Israeli war against Iran has caused serious disruptions to oil and gas exports.
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