7 Billion Deficit in Natural Gas Reserves in Europe - Concern About Price Increases in Winter
7 Articles
7 Articles
Even if these quantities of natural gas are covered, storage capacity will still not exceed 75%, Bloomberg estimates The post Natural gas: 7 billion shortfall in reserves in Europe – Concerns about price increases in winter appeared first on in.gr.
However, the situation remains very far from that of 2022 after the outbreak of the war in Ukraine, when gas prices had blazed to their highest historical level. ...
Storage remains low, the Middle East keeps LNG flows shut, and Europe needs over 100 TWh to reach even the lowest fill target
At 75%, the maximum occupancy of warehouses is “locked”, with estimates pointing to a jump in prices above 100 euros and inflation to 6%.
As the summer draws to a close, Europe faces a more challenging period in the global supply race due to low levels in natural gas reserves. Preparations for winter involve filling these reserves...
Low reserves, limited LNG supplies and increased competition from Asia create a difficult backdrop for Europe, with natural gas prices threatening to exceed 100 euros/MWh.
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