‘Winter panic’: EU gas stores at their lowest level in 13 years
European gas storage levels are at their lowest point in 13 years, raising concerns about energy price volatility for the upcoming winter. The UK is particularly vulnerable due to its limited domestic storage capacity and reliance on imports.
Why it matters
Low energy reserves increase the risk of significant price spikes and supply shortages during cold weather, impacting both household costs and industrial stability.
An LNG (liquefied natural gas) tanker from the US arrives at the Isle of Grain, Kent, last year. The UK relies on imports of gas via pipelines from Europe or tankers from the US and Middle East. Photograph: Dan Kitwood/Getty An LNG (liquefied natural gas) tanker from the US arrives at the Isle of Grain, Kent, last year. The UK relies on imports of gas via pipelines from Europe or tankers from the US and Middle East. Photograph: Dan Kitwood/Getty Gas ‘Winter panic’: EU gas stores at their lowest level in 13 years As one of Europe’s biggest consumers of gas the UK may be particularly exposed to heightened price volatility
Prefer the Guardian on Google Europe is on course to enter the cooler months with gas stores at their lowest level in 13 years, which has triggered “winter panic” among energy traders, experts have warned.
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