EU dips further into emergency gas reserves ...News

Cold weather has caused a surge in energy consumption in the bloc Supplies of natural gas in the EU’s underground storage facilities continue to shrink as cold weather is forcing more fuel to be used for heating, Interfax reported on Tuesday. Gas inventories in the EU, one of the key indicators for the global market, fell to 85% full in early January after the bloc reported that storages had reached an all-time high of almost 98% in October. Renewable energy generation, such as from wind turbines, dropped in December, covering only about 15% of the EU’s energy needs, the data showed, and is expected to declin

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Last updated : 10 January 2024 clock 01:29 PM

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EU dips further into emergency gas reserves ...News

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