EU okay for winter despite 'historically low' gas stocks: operators
13 Articles
13 Articles
EU okay for winter despite 'historically low' gas stocks: operators
"Europe is entering the winter with historically low storage levels while observing higher and more volatile global gas prices" as the Middle East war disrupts energy supplies, the association said in its winter outlook. "EU underground gas storage facilities were 72 percent filled as of 1 October" after a "challenging" season, it said. The bloc normally targets having gas stocks 90 percent full by the start of winter, but it has granted flexibi…
The European Union can cover the need for natural gas during the winter, but the low level of reserves requires careful monitoring, warns ENTSOG, the organisation of European gas transmission network operators. If liquefied natural gas supplies remain limited, stocks could fall well below the 30% threshold by the end of the cold season.
According to the ENTSOG report, the occupancy rate of natural gas storage facilities in the EU was 72 percent as of October 1. As Europe enters winter with historically low stocks amid high and volatile gas prices, and if LNG supply remains limited, occupancy could fall well below 30 percent by the end of winter.
Europe is entering winter with historically low gas storage levels, the European Network of Transmission System Operators for Gas (ENTSOG) announced today.
The European Union is able to meet the demand for gas during the winter, but the current stocks are at a minimum [...]
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