Gazprom forecasts European gas inventories below 75% by heating season

AI Summary

Gazprom forecasts that European gas inventories will fall below 75% by the upcoming heating season, raising concerns about supply reliability amid increased demand and geopolitical tensions. The shortfall in underground storage facilities may lead to significant energy security risks for European consumers this winter.

Insufficient reserves in UGS facilities by the heating season will create significant risks for the reliable supply of gas to European consumers this coming winter, the company noted