Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
China: The Chinese government announces 5.3% GDP growth in the first half of 2025.
Brazilian government: We condemn the Israeli military operations in Gaza and the killing of children, and we call for "Israel" to be held accountable for its actions.
Israeli media platform: The Degel HaTorah party, which has four members in the Knesset, announces its withdrawal from Netanyahu's cabinet.
Local Syrian sources: The raids targeted the road between the village of Al-Mazra'a and the city of Sweida, where forces and factions affiliated with the Syrian Ministry of Defense are advancing.
Local Syrian sources: New raids carried out by Israeli warplanes targeted vehicles and gatherings of military factions affiliated with the new Syrian Ministry of Defense.
Local Syrian sources: Israeli raids target, for the third time, gatherings of Syrian Defense Forces military factions in the southern countryside of Sweida.
The Ministry of Health in Gaza: Gaza Strip hospitals received 120 martyrs and 557 wounded in the past 24 hours.
The Israeli Walla! website: We are running out of stockpiles, our forces are exhausted, and the lives of the captives are in danger. It is time for a ceasefire deal in Gaza.
Several wounded in an Israeli bombardment of a tent in al-Mawasi, south of Khan Younis in the Gaza Strip.
Israeli media: Three wounded, three killed in an ongoing operation in the Gaza Strip.

EU depleting gas reserves at fastest pace since onset of energy crisis

  • By Al Mayadeen English
  • Source: Financial Times
  • 24 Dec 2024 14:21
  • 5 Shares
3 Min Read

Data from Gas Infrastructure Europe shows that the volume of gas in storage sites across the EU has dropped by about 19% from the end of September.

Listen
  • x
  • European gas
    Pipes at the landfall facilities of the 'Nord Stream 2' gas pipeline are pictured in Lubmin, northern Germany, on February 15, 2022. (AP)

The European Union is depleting its gas storage facilities at the fastest rate since the energy crisis three years ago, driven by increased demand due to cold weather and a decline in sea-borne imports, the Financial Times reported on Tuesday.

The volume of gas in storage sites across the EU has dropped by about 19% from the end of September, when the gas refill season ended, to mid-December this year, the newspaper emphasized, citing data from Gas Infrastructure Europe.

In contrast, the past two years saw only single-digit declines during the same period, as higher-than-usual temperatures helped keep storage levels relatively full until the winter heating season, and industrial demand was tempered by high prices.

Natasha Fielding, Head of European Gas Pricing at Argus Media, explained that "Europe has had to rely much more on its underground stores so far this winter than in the past two years to make up for lower liquefied natural gas imports and to meet stronger demand."

The Financial Times noted that Europe has also faced increased competition for liquefied natural gas (LNG) imports from Asian buyers, who were drawn to prices that have become lower than in recent years.

It noted that this has led to a slowdown in imports and a greater need to withdraw from stored reserves.

Related News

Trump threatens 100% secondary tariffs on Russia, sets deadline

Netherlands launches $58mln fund in quest to recruit top researchers

The newspaper highlighted that the last time gas storage facilities were depleted at this pace by mid-December was in 2021 when Russia began cutting off gas supplies via pipelines before entering its war with Ukraine.

Trump tells EU to buy US oil, gas or face tariffs: Financial Times

Last week, the Financial Times reported that US President-elect Donald Trump has warned the EU that it must agree to purchase "large scale" amounts of US oil and gas or face tariffs.

“I told the European Union that they must make up their tremendous deficit with the United States by the large-scale purchase of our oil and gas. Otherwise, it is TARIFFS all the way!!!” Trump wrote on his Truth Social platform on Friday.

Trump's threat comes after Brussels had already expressed interest in purchasing more US-liquefied natural gas, which has become crucial for the EU following Russia's reduction of fossil fuel supplies after it invaded Ukraine.

In November, European Commission President Ursula von der Leyen stated that the EU would consider increasing its purchase of gas from the US, according to FT.

“We still get a lot of LNG from Russia and why not replace it with American LNG, which is cheaper for us and brings down our energy prices,” she told reporters.

“It seems odd as a ‘threat’ given that von der Leyen alluded to the possibility of doing precisely this,” one EU official observed.

Read more: EU imports more Russian gas than US for the first time in two years

  • Europe
  • EU
  • European Union
Russia & NATO

Russia & NATO

As the Draconian Western-led sanctions on Russia exacerbate the economic crisis worldwide, and as Russian troops gain more ground despite the influx of military aid into Ukraine, exposing US direct involvement in bio-labs spread across Eastern Europe and the insurgence of neo-Nazi groups… How will things unfold?

Most Read

Hezbollah SG reveals war details on Al Mayadeen for the first time

Hezbollah SG reveals war details on Al Mayadeen for the first time

  • Politics
  • 8 Jul 2025
Israeli soldiers are seen in Beit Hanoun ahead of an operation by the al-Qassam Brigades, undated (Al-Qassam Brigades Military Media)

'Israel' on blast as media exposes report discrepancies in Gaza ambush

  • Palestine
  • 8 Jul 2025
Yemen Navy sinks ETERNITY C ship, shares footage of operation

Yemen Navy sinks ETERNITY C ship, shares footage of operation

  • Politics
  • 9 Jul 2025
This satellite image from Planet Labs PBC shows damage after an Iranian attack at the al Udeid Airbase outside of Doha, Qatar, June 25, 2025 (Planet Labs PBC via AP)

Satellite images show Iran attack damaged US comms dome in Qatari base

  • Politics
  • 11 Jul 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
Al Mayadeen: UN Palestine Inquiry members reportedly resigned
Politics

Al Mayadeen: UN Palestine Inquiry members reportedly resigned

Rutte, Trump
US & Canada

Trump threatens 100% secondary tariffs on Russia, sets deadline

Syrian government soldiers on a motorcycle pass by a burning tank on the outskirts of Sweida city, where clashes erupted between the Druze community and Bedouine clans, in southern Syria, Monday, July 14, 2025 (AP)
Politics

Israeli airstrikes target Syrian military factions near Sweida

Lebanon, US, disarmament
MENA

US pressure on Lebanon grows over Resistance disarmament plan

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS