Azerbaijan ramps up exports as Europe’s gas reserves hit three-year low

Azernews.Az

17 March 2025 13:49 (UTC+04:00)

Akbar Novruz

Gas reserves in Europe’s underground gas storage (UGS) facilities have dropped by approximately 36%—marking the sharpest decline in more than three years. This depletion comes amid high gas consumption during the heating season and an increased reliance on liquefied natural gas (LNG) imports. Since the beginning of the heating season, the net volume of gas withdrawn from EU storage facilities has surpassed 65.5 billion cubic meters, according to data from Gas Infrastructure Europe (GIE). On March 11 alone, ...

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