Gas storages in the bloc are projected to end the critical gas restocking season only 76% full, the newspaper reports
The European Union risks entering the coming heating season with its lowest gas reserves in 15 years, potentially driving up energy costs for households and businesses, the Financial Times reported on Monday, citing projections by consultancy Wood Mackenzie.
The bloc has faced soaring energy prices since scaling back Russian oil and gas imports following the escalation of the Ukraine conflict four years ago. The shift away from relatively cheap Russian pipeline gas has left Europe increasingly reliant on more expensive…
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