Europe Gas Storage Hits 90% Marker With Prices Near Two-Week Low
- Storage sites reached key level on Aug. 19, ahead of deadline
- Prices hover near two-week low after a sharp drop on Tuesday
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Europe’s natural gas reserves are almost full, helping to cap a recent price rally driven by concerns over supply risks.
The continent’s storage levels reached 90% of their capacity on Aug. 19, according to the latest data from industry group Gas Infrastructure Europe. That’s more than two months ahead of the European Union’s Nov. 1 goal of reaching that level.