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Equinor's CFO Torgrim Reitan stated that Europe may struggle to meet its goal of filling gas storage sites to 80% before next winter due to current low storage levels and unfavorable market conditions, compounded by supply issues from the Middle East war impacting Qatari LNG production. #EuropeanGasMarket #EnergyCrisis #LNGSupply #EU #QA #US #IR
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Europe is unlikely to reach 80% pre-winter gas storage target, Equinor says
OSLO, May 6 (Reuters) - Europe will struggle to replenish its depleted gas storage sites to a targeted 80% filling level before the start of next winter, Equinor's head of finance said on Wednesday, citing unfavourable price spreads and lower-than-expected supply levels.