EU enters winter with record-low gas reserves, IEA warns
Briefing by News4U · First published
Al Jazeera reports Europe’s gas storage is 72 percent full, well below the usual 90 percent, as the US-Israel war on Iran disrupts supplies.
Al Jazeera reports that Europe is entering winter with historically low gas reserves and cannot withstand further supply shocks, according to Fatih Birol, head of the International Energy Agency. [1]
The EU’s natural gas storage is only 72 percent full, down from the usual 90 percent, as Iran’s attacks on vessels have plummeted imports through the Strait of Hormuz. [1]
Birol warned that Europe will likely face rising LNG costs and that a harsh winter may bring higher natural gas prices. [1]
Sources
- EU entering winter with lowest gas reserves on record, IEA boss warns
Al Jazeera · · Full text