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Read more about the article Where Does The EU’s Gas Come From? | ZeroHedge

Where Does The EU’s Gas Come From? | ZeroHedge

Russia's invasion of Ukraine and Moscow's "weaponization" of energy have placed the diversification of energy supplies high on the agenda of European countries.

However, as Statista's Martin Armstrong reports, although this remains a long and costly process, requiring investment in infrastructure (new pipelines, LNG terminals, etc.), the results are already (more…)

Continue ReadingWhere Does The EU’s Gas Come From? | ZeroHedge

EU’s Full Gas Storage Doesn’t Eliminate Supply Risks | ZeroHedge

Authored by Irina Slav via OilPrice.com,

  • EU storage facilities are filled near capacity levels.

  • Demand for gas in the European Union has declined by between 10% and 15% over the past 12 months.

  • Interestingly, gas prices in Europe are currently higher than they were when the Chevron workers started striking in September.

The European Union has accumulated record amounts of natural gas in its storage facilities and has done so ahead of its own schedule. (more…)

Continue ReadingEU’s Full Gas Storage Doesn’t Eliminate Supply Risks | ZeroHedge