European gas storage levels are at their lowest in at least 10 years ahead of the crucial winter heating season, exacerbating the risk of further price spikes from already record-high levels. In European countries and Britain combined, storage sites are currently around 72% full, compared with 94% full at the same time last year, and 85% full on average over the past 10 years by the end of September, based on the latest Gas Infrastructure Europe data. Reuters Graphics Gas storage is used as a buffer at times of high demand and tight supply. The low levels seen now – shortly before the end of the re-stocking phase in Europe’s gas market – are […]