Europe Faces Pressure From Low Gas Storage and Prices

Europe struggles with low natural gas storage and rising fuel costs as winter approaches. Governments face public discontent and potential interest rate hikes from the ECB.

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FILE PHOTO: A general view of pipelines on the gas storage facility at the gas trading company VNG AG in Bad Lauchstaedt, Germany July 28, 2022. REUTERS/Annegret Hilse/File Photo

Europe's Natural Gas storage reserves sit at 69% capacity as winter approaches, adding pressure to governments facing rising public discontent. The shortfall trails the 85% five-year average for this time of year. High energy costs threaten economic stability across the bloc.

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