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Commodities

Europe's Gas Storage Levels Threaten Supply Ahead of Winter

Guavy AI Editorial Team
Instruments
Natural Gas
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Natural gas storage facilities across Europe are currently at 60.8% capacity, raising concerns over the continent's supply ahead of winter.

The levels remain below historical averages and are lagging behind the pace needed to comfortably reach pre-winter targets, according to Gas Infrastructure Europe (GIE).

Warm weather in Southern and Central Europe is hindering efforts to replenish storage facilities as higher temperatures increase demand for gas-fired power plants.

Natural gas futures prices in Europe are rising, with the price at the Dutch TTF hub reaching €62.26 per megawatt-hour.

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