The bloc has been struggling to fill its storage facilities amid the Middle East crisis and soaring prices
The EU has been filling its underground gas storage facilities at record-low rates for three consecutive days this week, Russia’s state-owned giant Gazprom has said, citing figures by the Gas Infrastructure Europe (GIE) association.
The bloc has been grappling with the fallout of the US-Israeli attack on Iran, which has caused global energy shortages and a spike in prices. The situation is primarily linked to the standoff in the Strait of Hormuz, which remains disrupted despite a shaky ceasefire coming into force early in April. Reduced maritime traffic has heavily restricted energy supplies since the waterway handled roughly 20% of global LNG trade before the conflict, primarily going to European and Asian markets.
This week, the GIE recorded the lowest-ever rates for filling up European gas storage for three days, from Tuesday to Thursday, Gazprom said on Sunday. Apart from the Iran conflict, unusually cold weather in Western Europe also contributed to the historically low readings, the Russian petroleum and gas giant suggested.
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