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The European gas market consumption level has returned to the 1990s

By Rhod Mackenzie

Gas prices in Europe have fallen to pre-crisis levels despite it still being the winter. However, this news is overshadowed by the fact that gas consumption in Europe has dropped to its lowest level since 1995. It is unlikely that Europe will ever return to its pre-crisis peak de...

Russia Sanctions USA EU Germany Trade LNG Industry UGS
European UGS at higher levels than normal

By Rhod Mackenzie

As of mid-February, gas reserves in European underground storage facilities (UGS) are at a record level, but remain below 66%. Since the start of the heating season, over 41 billion cubic meters of gas have been withdrawn from EU underground storage facilities.

On February 14t...

Russia Sanctions EU Gas UGS