EU gas storage levels reach critical capacity ahead of winter

The European Union's underground gas storage levels have exceeded 93.5%, nearing 104 billion cubic meters, according to Gas Infrastructure Europe (GIE), Azernews reports.

The current capacity is 93.63%, which is 5.03 percentage points above the five-year average for this date.

It’s important to note that Azerbaijani gas has been flowing to Europe through the Trans-Adriatic Pipeline (TAP) since December 31, 2020, contributing to the region's energy supply. The project is operated by a Swiss joint venture and owned by BP (20%), SOCAR (20%), Snam (20%), Fluxys (20%) and Enagás (20%).