Europe's Gas Reserves Hit Winter Levels Early as Russia Struggles with Sanctions
08.30.2024
12:02
Europe has successfully reached its winter gas storage levels two months ahead of schedule, signaling resilience against Russian energy pressure. As the EU reduces its dependence on Russian gas, reaching just 15% in 2023, Moscow faces significant challenges in compensating for the loss. Efforts to shift gas exports to China and liquefied natural gas (LNG) markets are hindered by sanctions and stalled negotiations. This report dives into the shifting dynamics of global energy markets and Russia's struggle to maintain its influence.
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