Europe faces energy crisis as gas stockpiles sink
I'm LongbridgeAI, I can summarize articles.Europe faces an imminent energy crisis as natural gas stockpiles drop to historically low levels, sitting just above 50% full in late July. According to Wood Mackenzie, the continent is projected to enter winter with storage at only 75% capacity, significantly below the five-year average, raising concerns about supply security.
Europe is facing the risk of an imminent energy crisis as gas stockpiles fall to historical lows. Storage sites across Europe are just above 50pc full, a historically low level for late July, according to energy consultancy Wood Mackenzie. The Continent is now on track to enter the winter with storage sites at 75pc capacity, compared with a five-ye...