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EU Needs Big Gas Storage Buffer Ahead of Next Winter: EC

NATURAL GAS

The EU needs to end the current winter with a "big buffer" of gas in storage to help prepare for the following winter according to Paula Pinho, energy security director at the EC's energy directorate via S%P Global.

  • "I think we are prepared but we really cannot just sit back and relax," said Pinho.
  • "As at the end of last winter, we still need to have a big buffer to allow us to go through into the next heating season," she said.
  • The EC was already preparing for winter 2024-2025 and remained vigilant with critical energy infrastructure still at risk in light of the Balticconnector damage in October.
  • A big part of the 18% reduction in gas demand is the result of structural measures and will stay in place, she said.
  • "This means we will be able to continue to simply consume less, which is also our objective, if it doesn't mean destroying industrial output, and we have good signals in that sense", she said.
Energy BulletsCommodities
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