EU Shrugs Off Gas Supply Fears Despite Low Storage Levels

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The European Union's natural gas supply remains stable despite lower storage levels, according to the Gas Coordination Group advising the European Commission. The Commission and EU countries reaffirm their confidence in the continuing stability of the gas supply amid current market conditions.

The European Union’s natural gas supply remains stable, according to the Gas Coordination Group, which advises the European Commission on coordinating security-of-supply measures in the event of an EU or regional emergency. The Gas Coordination Group met again this week to take stock of the current gas market situation, the European Commission said on Friday. “Despite lower storage levels compared to historical levels, the Commission and EU countries reconfirmed that EU gas supply remains stable,” the EC said.    “The…