Storage is reportedly far emptier than normal for the season as LNG imports fall short
A harsh winter has forced Europe to draw on gas reserves at the highest rate in five years, with imports of liquified natural gas (LNG) failing to meet demand, Bloomberg has reported.
Withdrawals from storage in the EU averaged around 7.79 terawatt-hours per day, while LNG imports have been at less than half of that level, the outlet wrote on Friday. Gas stockpiles are now less than half full, far emptier than usual for the season, and prices have surged more than 30% this month, it noted. Bloomberg warned that filling up the storage for next winter may…
Read the full article at RT.COM
