Foreign media: Europe's natural gas inventories are running low

GateUser-bd883c58 · 2026-04-04T03:20:48+00:00

Ask AI · How will the EU's reduction of storage targets affect summer energy prices?According to Bloomberg, Europe is about to enter the natural gas storage season, but the tanks are nearly depleted, which means it will need to compete with Asian buyers to secure supplies.The report states that, based on data from the European Gas Infrastructure Company, the utilization rate of natural gas facilities in the Netherlands is only about 6%, the lowest level since 2010. In Germany, the largest regional plant's inventory is also well below normal, at around 22%.EU energy officials have instructed member states to start filling natural gas storage early to avoid price spikes during the summer due to supply competition. Energy Commissioner Dan Jorgensen pointed out that governments should also reduce their storage filling targets to 80% and make full use of the flexibility provided by EU law.The report notes that since the US and Israel's attack on Iran, Europe

GateUser-bd883c58

2026-04-04 03:20:48

Ask AI · How will the EU’s lowered storage targets affect summer energy prices?

China-Singapore Jingwei, March 25 – According to a report by Bloomberg, Europe is about to enter the natural gas storage season, but the storage tanks are nearly depleted, meaning it will need to compete with buyers in Asia to secure supply.

The report says that, based on data from the European Gas Infrastructure Company, the utilization rate of natural gas facilities in the Netherlands is currently only about 6%, the lowest level for the same period since 2010. In Germany, inventories at the site of the region’s largest plant are also far below usual, at around 22%.

The EU’s energy officials have instructed member states to begin refilling natural gas storage as early as possible to avoid having prices driven up by supply competition during the summer. Energy Commissioner Dan Jorgensen said that governments in each country should also lower their storage fill targets to 80% and fully take advantage of the flexibility provided by EU law.

The report notes that since the U.S. and Israel attacked Iran, Europe’s benchmark natural gas futures price has risen by more than 55%, and Europe’s total natural gas storage is about 28%. (China-Singapore Jingwei APP)

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