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Gaz : l'Europe aborde l'hiver prochain en position de force

Translated with www.DeepL.com/Translator (free version)

Gas: Europe goes into next winter in a strong position


The European Union's gas reserves are filled to an exceptionally high level as winter ends. Gas prices have collapsed. Replenishing stocks in preparation for next winter looks easier and cheaper than last year.

Europeans are approaching the new gas season with much more confidence than last spring. At the end of winter, the European Union's underground gas reserves are still almost 57% full, according to GIE-AGSI, an exceptionally high level for this time of year.

A year ago, in April, the gauge fell to 25%, triggering a panic on the markets and a rush for available gas volumes that led to an unprecedented price surge. Nothing like that today: "Europe is in a healthy and safe position at the start of the injection season" of gas into reserves, comments Nikoline Bromander, analyst at Rystad Energy.
 
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