EU Hits Gas Storage Target Ahead Of Deadline

OilPrice.com | Sep 1, 2022 at 7:00 AM
  • The European Union’s gas storage facilities have been filled to 80 percent, the bloc’s Commissioner for Energy Kadri Simson said in a tweet.
  • U.S. liquefied natural gas imports were instrumental for the EU’s ability to fill up its storage earlier than its deadline but it has pushed the bloc’s gas bill ten times higher than what the EU normally pays for gas.
  • The amount in them could only cover between 25 and 30 percent of gas consumption during the winter.