Energy fears mount as European gas reserves head for record low

Gas price energy crisis Russia pipeline – Stefan Sauer

European gas stockpiles are on track to hit a record low this year, fuelling fears that the worst of the energy crisis is yet to come.

With Russian supplies low, storage inventories will drop below 15bn cubic metres by the end of March – their lowest level ever – according to research firm Wood Mackenzie.

Analysts said the risk of a cold winter and a dispute over Russia’s controversial Nord Stream 2 pipeline laid the groundwork for…

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