The European gas market faces a “winter panic”

In Europe, the gas market faced a “winter panic” due to low gas reserves before the heating season. The Guardian writes about this.

The publication clarifies that this year the storage capacity was 63 percent. By winter they could decrease by 20 percent, which would be close to the minimum value since 2013.

The publication, citing experts, writes that the shortage may affect gas prices in the winter. It is also known that the cost of the resource on the European market over the past few weeks has risen above 68 euros per MW per hour.