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EU energy chief Dan Jorgensen said in a letter seen by Reuters the bloc faces a price crisis linked to a supply crisis. He urged measures to sustain gas storage injections or reduce gas and electricity demand, with EU storage about 70% full, 12 percentage points below a year ago.
EU Gas Storage Is Exceptionally Low, Situation Is Challenging But No Immediate Supply Risk - Better Prepared Than In Winter 2021, Owing To New LNG Capacity, Renewables And Lower Gas Demand - Asks That They Consider Extra Measures To Sustain Gas Storage Injections Or Reduce Gas & Power Demand - Preventing Outdoor Heatin
EU Energy Chief: The EU is better prepared than in winter 2021, owing to new lng capacity, renewables, and lower gas demand.