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Al Jazeera

Europe faces gas squeeze as prices surge amid Iran war

Al Jazeera · Just In
Al Jazeera
Al Jazeera
Just In

Gas storage facilities across Europe are significantly emptier than usual following a harsh winter, with levels at just 28 percent compared to 58 percent two years ago. The Netherlands' storage stands at only 5 percent, while Germany's is at 22 percent. The European Commission is urging citizens to conserve energy, warning that prolonged conflict involving Iran could lead to serious shortages.

Breakdown
  • Europe's gas storage facilities are only about 28% full, down from previous years 47s
  • High prices and ongoing conflict deter buyers from filling gas reserves 15s
  • EU relaxed gas storage rules to avoid further price increases 41s
  • Brussels warns of a potential severe energy crisis and urges energy saving 1m 47s
  • Continued conflict in the Middle East could worsen gas shortages in Europe 2m 0s
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Middle East Conflict

The U.S-brokered ceasefire deal in Gaza is holding, after Hamas released the remaining Israeli hostages.