Equinor warns Europe may miss 80 percent gas storage target
Equinor says Europe may miss its 80 percent gas storage target. Low supply and price spreads have left storage sites six points below the seasonal norm.
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EQUINOR ASA warned Europe will likely miss its 80% pre-winter gas storage target due to low supply and unfavorable price spreads. Current storage levels sit at 30%, which is 6% below the seasonal average. The European gas market will be vulnerable to weather events and operational disruptions without a full buffer.
