EU Rushing to Secure Gas for Winter

The EU may fill up its underground natural gas facilities ahead of schedule, Rystad Energy reported.

European gas stocks were around 76% full as of June 25, up from 56% in the same period last year, according to the Norway-based consultancy.

"Considering historical demand, and assuming different supply scenarios, storage facilities could even be full ahead of winter this year, resulting in gas flows having to be diverted elsewhere," said Lu Ming Pang, a senior analyst at Rystad, RT reported.

He added that the EU was likely to reach its 90% gas storage target before the November 1 deadline.