The European Union is facing additional costs of 10 billion euro, or $11.2 billion to refill its natural gas storage caverns this year. And this is the best-case scenario, according to the Financial Times. It cold end up being a lot more expensive. The reason for the much higher bill is the colder winter of2024-2025, which depleted the bloc’s natural gas reserves more than each of the prior two winters when the weather was milder than usual, allowing the EU to retain comfortable levels of gas in storage.
Towards the end of this winter, however,…EU Set To Spend an Extra €10 Billion on Gas Refill
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