Europe Taps Gas Storage at the Fastest Pace in Five Years

Europe is leaning more heavily on gas reserves this winter, with this month’s withdrawals running at the fastest pace in five years amid unusually cold weather.

Pipeline and LNG flows haven’t been able to meet higher energy needs, causing net withdrawals to average around 7.79 terawatt-hours, or roughly 730 million cubic meters, per day. LNG imports have been at less than half of those levels.