European Gas Futures Top 100 Euros as EU Storage Trails Norms
5 Articles
5 Articles
It weighs the delay on the storages of Germany ( 61% against 91% Italian), while the cut of the Russian Gnl from January will leave a new shortage in the supplies of the Old Continent from 36 billion cubic meters
On Wednesday afternoon the reference price for gas in Europe exceeded 100 €/MWh for the first time since the energy crisis of 2022, a few hours after EU Energy Commissioner Dan Jørgensen warned that Europe risks "another energy crisis" and a difficult winter.
The reference price of European gas briefly reached 100 euros per megawatt hour on 28 October, a level never before seen since 2022. At the beginning of the winter, the European Union's stocks are filled at about 75 %, with wide disparities between countries. The article European gas: the TTF reaches 100 €/MWh, the stocks under pressure appeared first on L'EnerGeek.
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