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Europe faces tight gas supplies as winter price risk rises

CNBC World says disrupted Middle East LNG flows have left Europe’s gas stores historically low for this time of year, increasing the odds of much higher winter prices.

Reported · Written up by our desk · Energy

Europe’s gas inventories are running low for this time of year, raising the risk of a sharper winter price spike, according to CNBC World.

The outlet points to disrupted Middle East LNG flows as a key driver behind the tight storage levels, which can amplify price moves when winter demand rises.

CNBC World warns that gas prices this winter could top 100 euros, reflecting the heightened risk created by limited available supply.

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Sources

CNBC WorldEurope’s gas stores are running low , and prices could top 100 euros this winter

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