Europe is seeking to renew gas stocks, taking advantage of its prices currently

In light of the escalation of the trade war between the major powers, especially the United States and China, Europe has found a valuable opportunity to secure its energy needs at low prices, as it is currently seeking to re -fill its stocks of natural gas, taking advantage of the significant decline in prices, and the urgent need for fuel after most of the stocks in the winter are exhausted, according to the global economic network “Yahoo Finance”.

A noticeable decrease in gas prices

Natural gas prices in Europe fell to remarkable levels, as the price of futures in the Dutch trading center reached 48.77 euros per MW an hour during mid -April trading, a decrease of more than 32% since the beginning of the year. This decline is due to the slowdown in industrial demand in European markets, as a result of the consequences of the trade war that affected several sectors, most notably the heavy industry and energy.
Also read: Europe exhauses gas stocks quickly with the calmness of Russia’s supply

Winter Security strategy

These developments have prompted European governments to accelerate gas pumping operations in underground storage facilities, as part of the early preparation for the next winter. Fighting rates in stocks have already increased, indicating widespread coordination between member states to enhance energy security and reduce dependence on outpatient supplies.

These moves come at a sensitive time, especially after the gas supply was interrupted by some supplied countries, which has again shed light on the fragility of the European energy system and the need to diversify the sources of import.
Also read: Russia stops the delivery of natural gas to Austria suddenly

Are low gas prices?

Despite the current decline in prices, expectations indicate the possibility of their rise again with the approaching winter and increased demand for heating. Therefore, Europe races time to store adequate quantities at reasonable prices, before the market returns to a new wave of fluctuations.

In light of this accurate equation, Europe appears to walk on a tight rope between securing supplies at the lowest cost and ensuring the stability of the energy market, amid a turbulent geopolitical and economic scene.