Brussels: Gas stocks in Europe have fallen below 40% for the first time since the start of winter, reaching 39.9%, equivalent to 455.45 terawatt-hours (TWh), compared to 604 TWh a year ago, according to the European Gas Infrastructure Authority (EGA) on Saturday.
According to Yemen News Agency, Germany is the most affected, with its stocks dropping to 31.25% (78.47 TWh). In contrast, the situation in Italy remains relatively better, with gas stocks at 56.19% (114.27 TWh), compared to 125.08 TWh on February 2, 2024.
Gas prices have risen to pound 33.13 per megawatt-hour (MWh), amid growing concerns about a cold snap at the end of this month.