US EditionDutch Gas Storage Hits Lowest Level in a Decade
Shell CEO Wael Sawan warns Europe faces potential fuel shortages by April amid Middle East conflict and low Dutch gas storage at 5.8%, the lowest in a decade.
- Shell CEO Wael Sawan warned at the CERAWeek conference in Texas that Europe could face energy shortages as soon as next month amid the ongoing Middle East conflict.
- Oil prices surged to more than $100 a barrel after Iran began blockading the Strait of Hormuz last month, halting critical shipments of oil and liquefied natural gas.
- Asian countries reliant on Middle East energy have already imposed usage restrictions, including four-day working weeks; Sawan noted European nations may soon need similar demand-side measures.
- Rachel Reeves announced Tuesday the UK government would offer targeted support "to those who need it most," while officials consider deploying mine-hunting drones to reopen the critical route.
- Shell is exploring energy projects in South American nations, potentially approving one or two sites before year-end, while Sawan emphasized governments must prioritize strategies looking five to 10 years ahead to build resilience.
32 Articles
32 Articles
Energy: It is normal for the amount of stored gas to be lower at the end of winter: after all, stocks are intended for use during that period.
The CEO of Shell and the German Energy Minister have warned that Europe could face energy shortages from April onwards, after Asia has already been affected.
Dutch gas storage levels hit lowest level in years
Gas storage levels in the Netherlands dropped to 5.8% of capacity on Tuesday, their lowest level in at least a decade, and it is unclear how quickly they can be refilled over the summer, Dutch gas company Gasunie said.
Europe Faced With Near-Empty Gas Tanks Just as War Hits Supply
Europe is about to start the gas stockpiling season with key storage tanks depleted, meaning it will need to compete even more with Asian buyers to secure supplies, just as the Middle East conflict disrupts energy flows.
Coverage Details
Bias Distribution
- 43% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
