Europe gas reserves hit five-year spring low ...Iraq

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Europe’s natural gas storagelevels fell to 32.73% at the end of April, the lowest spring reading in fiveyears, the Association of Gas Infrastructure Operators noted on Saturday.

‘’Several European countriescontinued net withdrawals into May, tightening already limited reserves,’’ theAssociation added, pointing out that the drawdown contrasts with typicalseasonal patterns, when injections usually begin in early spring as heatingdemand eases.

According to the Council ofthe European Union, the United States currently covers around 45% of Europe’sgas imports, making it the largest supplier. Qatar ranks second with roughly10–15%, while Russia remains third at about 10%, though volumes have fluctuatedamid shifting trade flows. The flow of Qatari LNG has been particularlyaffected by security risks along key maritime routes, including the Strait ofHormuz, which is currently closed due to rising tensions in the Middle East.

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