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Tuesday January 14 2025

Tough winter ahead: Europe's gas supply challenges highlight potential for increased imports from Azerbaijan [ANALYSIS]

26 December 2024 14:45 (UTC+04:00)
Tough winter ahead: Europe's gas supply challenges highlight potential for increased imports from Azerbaijan [ANALYSIS]
Akbar Novruz
Akbar Novruz
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The European Union faces mounting energy challenges as gas storage levels drop at the fastest rate in three years, raising concerns about the continent’s preparedness for winter. Since late September, storage volumes have plummeted by 19 percent, compared to the less severe declines of previous years. While reserves remain 75 percent full, this is below the EU's ambitious 90 percent target for mid-December, highlighting vulnerabilities in the region’s energy security.

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