Gas Crisis in Europe: August Showed the Worst Result in the History of Observations
5 Articles
5 Articles
A new gas crisis is brewing: Europe is once again in white! To date, the consequences of the war in the Middle East are primarily associated with the price of oil and transport fuels. Relatively less attention is paid to its impact on the gas market. It is time for this to change. The European Commission quickly announced that salvation from fossil fuel prices lies in urgent and total electrification. However, this plan collapsed at its first re…
Gas crisis in Europe: August showed the worst result in the history of observations
Gas crisis in Europe: August showed the worst result in the history of observations.Summer in Europe ended with record low gas reserves. According to GIE, the net difference between the upload and the selection in August was 9% lower than last...
Prior to the start of the heating season, gas reserves in European underground storage facilities fell to a record low of only 65.39 per cent since 2011; gas reserves in European underground storage facilities reached a minimum of 65.39 per cent a month prior to the traditional start of the heating season in 2011, transferring TASS. Gas collection peaked in August in five years and reached 771 million cubic metres, while the injection dropped by…
Gas storage facilities in Europe are underfilled and this will lead to an increase in gas prices in the winter. This is predicted by Boyan Rashev, an expert on ...
Europe is facing the risk of a new gas crisis, and low stocks before winter and ongoing problems with supplies through the Strait of Hormuz are creating an increasingly serious threat to prices. This was warned to the Bulgarian National Radio by the expert on environment, resources and energy Boyan Rashev. According to him, companies are waiting for lower quotes instead of filling storages, while the crisis around the key sea route shows no sign…
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