EU gas reserves reach lowest level in three years
European Union gas reserves are approximately 28% full.
Correio da Manhã
Gas reserves news in Portugal
Latest news and stories about gas reserves in Portugal for expats and residents.
Latest news and stories about gas reserves in Portugal for expats and residents.
European Union gas reserves are approximately 28% full.
According to Bruegel's calculations, the costs of filling gas reserves to reach the levels the EU aims for this winter could rise to nearly double those recorded in the previous year. Portugal stands out in the EU with the fullest reserves, exceeding the common target. The European Union...
The European Commission has called for coordinated and timely preparations for the upcoming winter due to energy disruptions in the Middle East, with EU gas storage levels currently at 28.48%. While most member states are below the 30% threshold, Portugal remains an exception with reserves at 82.37%. The closure of the Strait of Hormuz following military tensions has led to increased market volatility and a 30% spike in gas prices across Europe.
If the war does not last too long, Portugal will not face any crisis due to a potential gas shortage: for now, reserves are sufficient, guarantees the Director-General of Energy and Geology. Paulo Carmona admits, however, that the country may suffer the impact of the Middle East war, which is affecting fuel prices. The blame lies with multilateralism.
Portugal’s gas transport and storage infrastructure is adequate for the size of the national market, although no European country has enough reserves to last several years without imports, according to The post Portugal gas reserves adequate for size of market, says REN appeared first on Portugal Resident.
Portugal has sufficient gas reserves for approximately 93 days of consumption in the event of a disruption, according to ENSE, with gas storage levels close to maximum capacity (76.72%).
