EU's underground gas storage nears 90% due to Azerbaijani gas, signaling positive energy security amid potential winter supply challenges.

The European Union's underground gas storage capacity is nearing 90% (89.77%) due to Azerbaijani gas via Trans-Adriatic Pipeline since Dec 2020. The high level of storage (98.9 bcm) is a positive indicator for EU's energy security amid potential winter supply challenges. Strategic reserves may play a crucial role in stabilizing energy markets and ensuring consistent supply during global uncertainties.

August 20, 2024
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