Europe's Gas Reserves Are at Very Low Levels. Prices Could Exceed 100 Euros This Winter
4 Articles
4 Articles
Europe faces difficulties in restoring natural gas stocks before winter, and analysts warn that prices could return to unmet levels since the energy crisis of 2022, says CNBC.
Low storage levels, limited supply of LNG from the Middle East and competition with Asia can raise gas prices in Europe above 100 per MWh.
Alarm in Europe ahead of winter, as natural gas reserves remain alarmingly low and turbulence in international LNG flows reignite fears of a new surge in prices, even above 100 euros/MWh
London/Amsterdam - Natural gas prices in Europe could rise above 100 euros (roughly 2,400 CZK) per megawatt-hour (MWh) this winter for the first time since the energy crisis four years ago, analysts said, due to low supplies. CNBC reported today. Filling gas storage facilities in Europe this year is being complicated by disruptions in liquefied natural gas (LNG) supplies from the Middle East, which are a result of the military conflict between t…
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