EU faces winter gas shortage risk as storage falls to lowest level since 2011
The European Union faces possible gas supply shortages during the 2026-2027 winter, with storage levels at their lowest for this time of year since records began in 2011. The warning comes in a report by the Institute for Energy Economics and Financial Analysis, which cited high prices and disruptions to global supplies. According to the report, the EU may need to cut winter gas demand by 7 percent, equal to 14 billion cubic metres, compared with last winter. Data cited in the report showed EU gas storage at about 72.4 percent on 3 October, down from around 83 percent a... [Continue Reading]
Breaking-360LiveNews | 10 Oct 2026 11:30 LONDON
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Equinor warns UK could become 'uninvestable' if Rosebank and Jackdaw are not approved
Equinor has warned that the UK could become less attractive for future investment if the government does not give final approval to the Rosebank and Jackdaw oil and gas fields. Anders Opedal, the chief executive of the Norwegian state-backed company, said the firm would have to take a hard view on its future spending in Britain if the projects were rejected. The warning comes as ministers prepare to decide whether to allow the developments to proceed.Opedal said the question for the company was whether the UK would remain investable in the future, adding that he hoped it would not come... [Continue Reading]
360LiveNews | 07 Oct 2026 01:03 LONDON
