Now European gas storages are filled with less than half – this is the lowest level in three years.
Prices for natural gas in Europe have jumped to the maximum for two years. Bloomberg reported this on Monday, February 10.
Thus, the TTF hub in the Netherlands grew by 4.6%, up to 58.7 Euro per megavatt-hour (over $ 630 per 1 thousand cubic meters). This is the highest rate since February 2023.
According to the agency, now European storage facilities have been filled with less than half – this is the lowest level for this year’s time since 2022. Gas prices for tag -day are now very high It is not worth it to re -place storage facilities, which means that governments need to intervene to ensure their filling until next winter.
It is expected that gas consumption in Europe will increase by 17% this month compared to last year, which is due to demand from population and commercial business. And winter is not over yet: Northwest Europe is preparing for frosts in the coming days.
“The risk of entering the European Union in the spring with a very low gas reserve over the last few weeks,” said Global Risk Management, Arne Limann Rasmussen.
The upcoming season of Tag -Right service in Norway can also limit gas supply at a time when the market is tense. The Traiders also closely monitor the influence of US tariffs and possible response measures – that the risk of producing the imports of liquid natural gas is more expensive.
The day before it was known that Ukraine increases gas imports from the EU. This happened against the back of Russian strikes on the objects of the gas sector in recent months.
It is also reported that next time the heat, Ukraine will need an import of at least 1 billion cubic gas meters of gas.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.