Dependence on Moscow has been reduced since February 2022, following Russia's invasion of Ukraine
Europe has paid 90% of its natural gas reserves two months ahead of schedule on November 1, in a sign that the European Union “is ready for next winter”, announced the European Commission, while a rise in prices has been recorded in recent weeks due to geopolitical risks.
Storage capacity is at 90.29% on average, or close to 92 billion cubic meters, according to the latest figures published on Tuesday by Gas Infrastructure Europe (GIE), which includes the European operators of European gas infrastructure .
Following Russia's invasion of Ukraine and the drastic reduction of Russian flows, the 27 adopted in June 2022 a legislative framework requiring them to collectively reach 90% of European stockpiles by November 1 each year with the aim of strengthening energy autonomy and limiting dependence on Russian natural gas.
This dependence has been significantly reduced since February 2022 and the start of the Russian invasion of Ukraine also due to the shift to ship-borne liquefied natural gas, mainly from the United States, and Norway's strengthening of pipeline gas supply, even if Russia continues to supply Europe with gas through Ukraine.
