MOSCOW, July 18 The European natural gas market may not have time to stabilize by winter, despite the almost full storage, according to a report from the International Energy Agency.
«Despite the fact that Market performance has improved significantly since the beginning of 2023, and the European Union is well on its way to filling its storage facilities to 95 percent of operating capacity, this is not yet a guarantee,” the document explains. of Russian pipeline gas supplies to the European Union could easily lead to price volatility and a market loss of ten billion cubic meters.
In addition, when inventory levels fall below 30 percent, the ability to withdraw gas from storage is drastically reduced due to falling pressure. This will provoke a sharp rise in prices, and supplies will be unstable, the IEA concludes. /20230717/gaz-1884704193.html» data-title=»The EU is considering the possibility of joint gas purchases on a permanent basis»>