Free Trial

EU to End Winter With Gas Stocks at 55%: Moody’s


Europe is likely to exit the winter with gas storage facilities at around 55% full, Moody’s said in a note, cited by Montelnews.

  • “The record high gas storage of around 97.5% as of end November positions the EU well to meet this winter season with very limited risks of energy shortages under our baseline and downside scenarios,” the note said.
  • “The geopolitical tensions between Europe and Russia and episodes of supply disruption, for example, past strikes at Australian LNG facilities, could lead to further tightness in gas supplies,” it said.
  • The EU Commission last week set the bloc’s gas storage targets for 2024. EU natural gas stocks must be at least 45% full on 1 February and preferably 55% full at the time. The EU also set intermediary targets for 1 May of 45% and as well as additional targets for 1 July and 1 September.

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.