TotalEnergies Warns of Higher European Gas Costs
Europe will avoid a winter gas shortage but will pay higher prices due to relaxed storage requirements. TotalEnergies CEO Patrick Pouyanne warned that short-term policies left reserves low.
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Europe will avoid a gas shortage this winter but must pay higher import costs due to relaxed storage policies, TOTALENERGIES SE CEO Patrick Pouyanne said on Monday. The region relaxed storage mandates a year too early, leaving reserves depleted heading into the winter heating season. Higher procurement costs will now burden European economies as competition intensifies globally.
