EU Gas Reserves Hit 13-Year Low Amid Winter Concerns

‘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 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. The EU’s gas stocks were 63% full in the last week of August, well below the 80% average for late August over recent years and among the lowest levels ever recorded for this time of year. Continue reading...

By Jillian Ambrose