Gas storage facilities in the European Union are almost full, which should act as a buffer during the winter.
In the ninth month of a full-scale Russian invasion of Ukraine, the EU sees a drop in gas prices. Bloomberg reported this.
In the countries of the European Union, comfortable air temperatures delay the start of the heating season and positively affect the cost of gas. Underlying futures fell 1.2% after falling 10.2% earlier on Thursday, November 17.
Moderate temperatures and strong LNG flows have eased supply concerns in recent weeks, but stocks could dry up quickly if a cold snap boosts demand.
At the same time, the EU continues talks on how to limit gas price spikes ahead of a meeting of energy ministers next week.
It was previously reported that gas exports from Russia continue to decline. In 10 months, it fell by 42.6% – to 91.2 billion cubic meters. m.
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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.