Europe's Gas Storage Facilities at Risk of Depletion by April 2027
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Insights by Echo AI
Europe's gas storage facilities are at risk of being completely depleted by April 2027, according to a report by Handelsblatt. The EU needs to receive 142 LNG tankers in the next two and a half months to fill the UGS to the target 80%. Currently, gas storage facilities are filled to less than 62%, far below the winter target of 80%. If the pace of purchases remains unchanged, storage facilities will be only 69% full by November 1, risking depletion by April when Europe’s heating season ends.
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