Energy
Europe’s Gas Dilemma Gets More Acute as Storage Season Starts
From April until the end of October, countries normally replenish their storage sites.
Photographer: Milan Jaros/BloombergAfter a torrid month in which European gas prices surged, plunged and surged again on the war in the Middle East, traders now face a dilemma.
When gas stockpiling season begins in April, governments are keen for traders to make an early start refilling severely depleted storage tanks. But the gap between summer and winter gas prices is telling them to wait.