Europe Gas Pares Losses as Winter Woes Counter Rising Stockpiles
- UK braces for blackouts, gas cuts in January in emergency plan
- Germany needs to cut demand by 20% for winter, BNetzA says
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European natural gas prices pared earlier losses, with traders assessing rising fuel inventories against worries over possible supply shortages this winter.
Benchmark futures settled 0.5% lower, after hitting a two-week low earlier. The continent’s storage sites are 72% full, near the 5-year average for this time of year, data from Gas Infrastructure Europe show. Yet, risks remain.