EU Gas Shortages: Six Countries at Risk This Winter
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Insights by Echo AI
Six EU countries - Germany, the Netherlands, Belgium, Sweden, Bulgaria, and Slovakia - face a high risk of gas shortages this winter. As of late July, Europe's underground gas storage facilities were only 52.5% full, the lowest level since 2021. Experts warn that if the current trend continues, Europe may only reach 70% capacity before the heating season. High import costs, driven by increased gas prices, are a significant factor in the slow filling of EU storage.
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