With winter beckoning, the Gas price in the EU has exceeded $1450 per thousand cubic meters of gas.

Wednesday, October 6, 2021

The record price of gas has been blamed on the low level of supplies in the European underground gas storages, along with a shortage of supplies from Russia. The low reserves in Europe could see potential supply cuts. Today, the European underground gas storages are only filled to less than 70% capacity, which is 15% lower than the average level during the past five years.

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