Europe has ended the winter season with record levels of natural gas in storage, putting the region in a much better position to move on from the energy crisis that has overshadowed it for more than two years.
Gas storage for the EU at the end of March, considered the end of the winter season by the industry, stood at 58.72 per cent full, according to industry body Gas Infrastructure Europe. That is about 3 percentage points higher than the previous high, set last year.
The plentiful levels put the EU in a comfortable starting spot as it refills its storages over the summer and analysts warn that the bloc may need to scale back imports of liquefied natural gas in the coming months to avoid capacity filling too early.
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