By using this site, you agree to the Privacy Policy and Terms of Use.
Accept

News Junction

Notification Show More
Font ResizerAa
  • Home
  • World News
    World NewsShow More
    For U.S. Defense Industry, These Minerals Really are ‘Critical’
    For U.S. Defense Industry, These Minerals Really are ‘Critical’
    May 14, 2025
    Did the US flinch first in tariff war with China? | Trade War News
    Did the US flinch first in tariff war with China? | Trade War News
    May 14, 2025
    Saudis use burgers to impress Trump (VIDEO) — RT World News
    Saudis use burgers to impress Trump (VIDEO) — RT World News
    May 14, 2025
    Sony shares rise in choppy trade as PlayStation maker announces .7 billion share buyback
    Sony shares rise in choppy trade as PlayStation maker announces $1.7 billion share buyback
    May 14, 2025
    U.S. to cut tariffs on small packages from China to as low as 30% – National
    U.S. to cut tariffs on small packages from China to as low as 30% – National
    May 14, 2025
  • Business
    BusinessShow More
    Ukraine blows up bridges to consolidate its positions in Russia
    Ukraine blows up bridges to consolidate its positions in Russia
    August 18, 2024
    Commentary: AI phones from Google and Apple will erode trust in everything
    Commentary: AI phones from Google and Apple will erode trust in everything
    August 18, 2024
    The most famous Indian Dishes – Insights Success
    The most famous Indian Dishes – Insights Success
    August 18, 2024
    Life on the road as a female long rides cyclist
    Life on the road as a female long rides cyclist
    August 18, 2024
    UK inflation rises to 2.2%
    UK inflation rises to 2.2%
    August 18, 2024
  • Cryptocurrency
    CryptocurrencyShow More
    Price analysis 3/10: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, PI
    Price analysis 3/10: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, PI
    May 14, 2025
    Ethereum retakes 10% control of crypto market, but ETH bulls shouldn’t celebrate yet
    Ethereum retakes 10% control of crypto market, but ETH bulls shouldn’t celebrate yet
    May 14, 2025
    Top South Korean presidential hopefuls support legalizing Bitcoin ETFs
    Top South Korean presidential hopefuls support legalizing Bitcoin ETFs
    May 14, 2025
    Ex-SEC Chair Gary Gensler privately supported crypto — McHenry
    Ex-SEC Chair Gary Gensler privately supported crypto — McHenry
    May 14, 2025
    Bitcoin Pepe nears .2M on Solana hype
    Bitcoin Pepe nears $8.2M on Solana hype
    May 14, 2025
  • Technology
    TechnologyShow More
    How to Improve Your Spotify Recommendations
    How to Improve Your Spotify Recommendations
    August 18, 2024
    X says it’s closing operations in Brazil
    X says it’s closing operations in Brazil
    August 18, 2024
    Supermoon set to rise: Top tips for amateur photographers | Science & Tech News
    Supermoon set to rise: Top tips for amateur photographers | Science & Tech News
    August 18, 2024
    Scientists Want to See Videos of Your Cat for a New Study
    Scientists Want to See Videos of Your Cat for a New Study
    August 18, 2024
    OpenAI’s new voice mode let me talk with my phone, not to it
    OpenAI’s new voice mode let me talk with my phone, not to it
    August 18, 2024
  • Entertainment
  • Sports News
  • People
  • Trend
Reading: Europe Gas Storage Is 90% Full. It Still May Not Be Enough
Share
Font ResizerAa

News Junction

  • World News
  • Business
  • Technology
  • Cryptocurrency
  • Trend
  • Entertainment
Search
  • Recent Headlines in Entertainment, World News, and Cryptocurrency – NewsJunction
  • World News
  • Business
  • Cryptocurrency
  • Technology
  • Entertainment
  • Sports News
  • People
  • Trend
Have an existing account? Sign In
Follow US
News Junction > Blog > Business > Europe Gas Storage Is 90% Full. It Still May Not Be Enough
Europe Gas Storage Is 90% Full. It Still May Not Be Enough
Business

Europe Gas Storage Is 90% Full. It Still May Not Be Enough

Published August 18, 2023
Share
3 Min Read
SHARE

Contents
Article contentArticle content

Article content

(Bloomberg) — Europe’s natural gas reserves are almost full, though that still may not be enough to see the region through winter.  

The continent’s storage levels hit 90.1% capacity on Aug. 16, according to the latest data from the industry group Gas Infrastructure Europe. That’s the highest on record for the time of year, and well ahead of the European Union’s Nov. 1 goal of reaching that marker.

Article content

However, inventories weren’t meant to provide all of the region’s winter gas supplies, and a storm of risks is brewing. Potential worker strikes in Australia threaten to tighten the global market for liquefied natural gas. Europe is still coping with lower flows from Russia amid the war in Ukraine. And prolonged outages in Norway recently have led to price spikes, a reminder of the market’s fragility. 

In other words, Europe’s energy crisis isn’t over yet. Benchmark Dutch futures rose as much as 4.3% to €38.41 a megawatt-hour on Friday — and headed for a third weekly gain — on continued supply concerns.

The region’s winter season for gas formally runs from October through March. When completely full, all of the EU’s underground gas inventories are sufficient to cover roughly 90 days of average winter demand, but much depends on weather conditions. Freezing temperatures could accelerate withdrawals from storage.

Read more: Why We Should Be Worried About Gas Prices Again

Gas inventories also vary by country. Nations including Germany, the Netherlands and Spain have already exceeded the EU’s target. France is among outsiders with storage levels at about 84%, after its energy supplies were disrupted earlier this year by nationwide strikes.

While European gas prices are about 90% lower than their crisis peaks last year, market nervousness and intense volatility are here to stay given that global supplies remain tight after Russia’s cuts. 

Germany has already warned that shortage risks will remain until early 2027 unless it adds more gas infrastructure. Next year’s market balance will depend on how much fuel will be left in storage after this winter.

(Updates with prices in fourth paragraph.)

#Europe #Gas #Storage #Full

TAGGED:Europefullgasstorage
Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article Bitcoin Price Crash: CoinShares Reveals Real Reasons Bitcoin Price Crash: CoinShares Reveals Real Reasons
Next Article Australia news – Steven Smith ruled out of South Africa tour due to wrist injury Australia news – Steven Smith ruled out of South Africa tour due to wrist injury
- Advertisement -

Latest Post

Price analysis 3/10: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, PI
Price analysis 3/10: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, PI
Cryptocurrency
For U.S. Defense Industry, These Minerals Really are ‘Critical’
For U.S. Defense Industry, These Minerals Really are ‘Critical’
World News
Ethereum retakes 10% control of crypto market, but ETH bulls shouldn’t celebrate yet
Ethereum retakes 10% control of crypto market, but ETH bulls shouldn’t celebrate yet
Cryptocurrency
Did the US flinch first in tariff war with China? | Trade War News
Did the US flinch first in tariff war with China? | Trade War News
World News
Top South Korean presidential hopefuls support legalizing Bitcoin ETFs
Top South Korean presidential hopefuls support legalizing Bitcoin ETFs
Cryptocurrency
Saudis use burgers to impress Trump (VIDEO) — RT World News
Saudis use burgers to impress Trump (VIDEO) — RT World News
World News
- Advertisement -

You Might Also Like

Telefónica Tech Determines The Cybersecurity Environment Alterations Amidst Emerging Concerns With Recent Statistics
Business

Telefónica Tech Determines The Cybersecurity Environment Alterations Amidst Emerging Concerns With Recent Statistics

August 21, 2023
Europe’s farmers are struggling, but some sympathetic consumers have difficulty affording their food
Business

Europe’s farmers are struggling, but some sympathetic consumers have difficulty affording their food

February 3, 2024
US rapper Fatman Scoop dies after collapsing on stage | Music News
World News

US rapper Fatman Scoop dies after collapsing on stage | Music News

September 1, 2024
Bank of Japan tweaks ultra-loose monetary policy
Business

Bank of Japan tweaks ultra-loose monetary policy

July 28, 2023

About Us

NEWS JUNCTION (NewsJunction.xyz) Your trusted destination for global news. Stay informed with our timely and accurate reporting on diverse topics, including politics, technology, science, entertainment, sports, and more. Count on us for unbiased and reliable updates at your fingertips.

Quick Link

  • About
  • Disclaimer
  • Privacy Policy
  • Terms of Use
  • Contact

Top Categories

  • World News
  • Business
  • Technology
  • Entertainment
  • Cryptocurrency
  • Sports News
  • Trend
  • People

Subscribe

Subscribe to our newsletter to get our newest articles instantly!

    © 2023 News Junction.
    • Blog
    • Advertise
    • Contact
    Welcome Back!

    Sign in to your account

    Username or Email Address
    Password

    Lost your password?