Europe’s Low Gas Stocks Set Stage for Winter LNG Battle
9 Articles
9 Articles
The Financial Times reports that Europe is heading into winter with record low gas supplies. Analysts do not predict an immediate gas shortage, but are concerned about possible cold weather and further supply disruptions.
A shortage of liquefied gas and high prices mean that the EU's gas reserves are only 65 percent full.
(Seoul = Yonhap News) Reporter Kwak Min-seo = Europe's natural gas inventories have fallen to an all-time low ahead of winter, the Financial Times (FT) reported on the 3rd (local time)...
Europe’s Low Gas Stocks Set Stage for Winter LNG Battle
Europe’s lowest levels of natural gas in storage in nearly two decades risk intensifying the race for LNG supply in the coming months as both Europe and Asia are competing for a shrinking pool of supply, with the Middle East’s LNG still blocked at the Strait of Hormuz. “The potential for a global ‘fight for fuel’ is there, particularly in a colder winter,” Go Katayama, principal insight analyst for LNG at intelligence firm Kpler, told Bloomber…
According to the Guardian, in the last week of August, European Union gas storage facilities were only 63% full, compared to an average of 80% in previous years. This is one of the lowest levels in 13 years. Experts are warning of a "winter panic" among energy traders, and the situation is particularly critical in the United Kingdom, where gas storage capacities are among the lowest in the region. The causes of the deficit include supply disrupt…
Coverage Details
Bias Distribution
- 40% of the sources lean Left, 40% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
