Europe's Soaring Gas Bill Is Sending Utilities Back To Coal
The report says tighter LNG supplies and low storage could force energy-intensive industries to cut output and leave Europe short this winter.
97 Articles
97 Articles
The European Union may have to use 7 percent less gas this winter than last winter. This warning comes from the Institute for Energy Economics and Financial Analysis (IEEFA). European gas reserves are exceptionally low, while the war in Iran is keeping gas prices high. The impending ban on Russian liquefied natural gas (LNG) is also adding to the pressure.
The European Union risks entering the winter of 2026-2027 with insufficient gas reserves to cope with a cold season, on the background of tensions in the Middle East and competition for liquefied natural gas, says Politico. A report by the Institute for Energy Economics and Financial Analysis estimates a possible deficit of up to 14 billion cubic metres, equivalent to about 7% of EU demand. In an unfavourable scenario, prices could rise, and Sta…
EU threatens gas shortages as winter approaches - Politico The <p>EU risks losing up to 14 billion cubic meters of gas this winter due to low supplies and supply disruptions. This can drive up prices.</p>
The European Union can meet its winter gas demand, even though underground storage stocks are at historically low levels, the European Network of Transmission System Operators for Gas (ENTSOG) warned in its winter assessment. As of October 1, EU gas storage was 72 percent full on average. ENTSOG described the level as “historically low” and called for continued gas injection and close monitoring of stocks throughout the winter season. “Maintaini…
Despite the levels of gas storage "be lower than historical levels," the EU gas system "is flexible enough to meet demand this winter and EU infrastructure is able to handle more imports of... (ANSA)
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