Europe’s natural gas storage sites are nearly full and there is a steady flow of LNG to the continent that will allow it to get through winter.
- Nov 02, 2022, 5:00 PM CDT
As of October 31, gas storage sites in Europe were 95% full, with German storage at 99% full, according toThe comfortable storage levels, the high rate of LNG imports, and the mild weather in October and early November have eased concerns about gas supply and demand balances in the early part of the heating season.
“The latest bout of Covid restrictions in China and declining demand in Asia overall should see LNG imports remaining robust. This should ensure the record level of cargoes into north-west Europe and UK continues,” Refinitiv analysts toldHowever, the significant drop in Russian gas supply this year occurred only in June, meaning that Europe could still stock up on some Russian gas earlier this year.
Claudio Descalzi, the chief executive of Italy’s Eni, said on the same panel, “We are in good shape for this winter.”
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
A Leeds hotel has been crowned the best luxury spa and hotel in EuropeA Leeds spa hotel has been crowned the best luxury hotel in Europe.
Read more »
Europe Must Act Now To Secure Lithium Supply | OilPrice.comIn its rush to move away from ICE vehicles, Europe is looking to source battery metals in other continents, but becoming too dependent on producer in Latin America and Asia could pose a risk
Read more »
German Tech Firm To Launch $25,000 Solar Car Next Year | OilPrice.comGerman automotive firm Sono Motors expects to release its first commercially available solar-powered EV in Europe in the summer of 2023
Read more »
Duncan Ferguson reveals what stopped Everton signing Erling Haaland for £2mEverton icon Duncan Ferguson has revealed the club passed up the opportunity to sign Erling Haaland for just £2million. The 22-year-old has been the standout player in Europe this season following …
Read more »