Europe Gas Sector Enters Crucial Period After Winter Sapped Stocks

EU governments want more gas storage flexibility, document shows

The European Commission should be allowed to further cut the filling goal “in case of persistent unfavourable market conditions,” a new draft compromise shows.

Europe Gas Sector Enters Crucial Period After Winter Sapped Stocks

Europe’s gas sector is entering a crucial few months as the end of the heating season starts the clock ticking to fill storage facilities that are emerging from winter two-thirds empty.

The price of gas closes lower, with operators looking at peace negotiations between Russia and Ukraine. The operations for filling the warehouses are also in the spotlight. In Amsterdam, prices fell by 0.36% to 40.67 euros per megawatt hour, after reaching a day low of 39.85 euros.

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EU gas prices continue to decline – ING

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