21 Hrs
 الشرق اللبنانية
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الشرق اللبنانية

2026-11-03T19:38:53.000Z

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Europe gas hits 2013 low

Europe gas hits 2013 low

Europe is entering winter with its lowest gas stocks since 2013. EU storage facilities were only 75% full at the end of October, below the target minimum of 80%. The International Energy Agency attributed this to the closure of the Strait of Hormuz, lower stocks after last winter, and buyers delaying purchases. The volume of gas injected into storage during the filling season was also about 4% below the five-year average. The shortfall could prolong pressure on the global gas market through 2027 and leave Europe more exposed to the risks of a cold winter or supply disruptions, while Germany has affirmed that its supplies are secure.

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