Reduction Of 60 Percent Of Gas Reserves In European Warehouses

Date: Mar 05, 2023, 16:13

According to Sputnik, Gas Infrastructure Europe (GIE) statistics show that the percentage of emergency natural gas reserves in underground storage facilities across Europe has dropped below 60%.

According to the latest data on the continent's gas infrastructure, the total amount of underground gas stored in European facilities is estimated at 65 billion cubic meters.

At the moment, the level of gas inventory in the European continent has given some comfort to the Europeans, but analysts warn that if the severe cold weather resumes in March or the demand from China increases significantly, the price of gas may incline again.