An underground natural gas storage facility in Ruedersdorf, Germany. The amount of gas injected into storage reservoirs this season was about 4% below the average of the past five years. (EPA Images pic)PARIS: Europe is entering winter with its lowest level of natural gas reserves since 2013, which could extend pressure on the international market into 2027, the International Energy Agency warned Tuesday.
Europe's natural gas storage reservoirs were 75% full at the end of October, well below the minimum target of 80% fixed by the European Union and at its lowest level in more than a decade, the IEA said.
Natural gas liquifaction facilities in the Gulf have been damaged in US-Iran war, while transit through the Strait of Hormuz has been reduced.
