Europe Faces Race to Refill Gas Storage as LNG Cargoes Flow to Asia
37 Articles
37 Articles
It is now six months since the start of the war in Iran and nothing is foretelling a quick solution. The US has just announced economic retaliation for those who trade with Tehran that will further complicate the supply of energy through the Strait of Hormuz. Summer is passing and Europe is not normally doing the natural gas storage work of these dates. The shortage of supply from the Middle East has made a dent and the level of reserves in the …
EU gas storage systems are as poorly filled as they have been for years. If the Hormus barrier continues, this winter could be expensive.
The gas storage tanks are not filling up as usual this summer. There is a risk of an expensive heating season. An expert at the consumer center explains what gas customers should do.Mr. Müller, the German gas storage tanks are currently half empty because of the Iran war, although they should actually be filled up to 80 percent in the summer months.Do gas customers have to prepare for an expensive winter?I can't look into the future either. But …
If you have a price guarantee, you do not have to worry during the contract period. In the basic supply a long-term forecast is not possible. Consumer protectors, meanwhile, warn of higher prices due to the low storage levels.
The ministry is reassured: a gas shortage is not to be expected at the moment. In duty is the economy first. But the government prepares itself for everything.
The German gas storage systems are as empty as they are not at this time of year. Officially, that's no problem. It's supposed to boil behind the scenes.
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