Europe Might Get Away Without Another Gas Crisis This Winter
Storage sites are on track to be 80% full in September, helped by rule changes and China’s pullback.
A vessel operated by Nigeria LNG Ltd. arrives in the port of Sines, Portugal.
Photographer: Zed Jameson/BloombergThis article is for subscribers only.
Welcome to our guide to the commodities powering the global economy. Today, reporter Elena Mazneva discusses why this winter may be smoother than expected for Europe’s gas traders.
Europe is heading into its heating season looking far better prepared than anyone dared predict just a few months ago. Gas reserves are filling up, prices have come down and — barring a nasty surprise — it seems the region may dodge another energy crunch.