Strengthening gas supply security after repeated market shocks

European underground gas storage capacity and average maximum utilisation by country in 2024

Gas supply security frameworks must evolve as geopolitical disruption, reduced pipeline flexibility and growing weather sensitivity reshape global gas markets. While price signals and flexible LNG trade remain the first line of defence, they may not prevent extreme volatility or physical shortages during severe supply crises. Importing countries therefore need a combination of physical reserves, flexible commercial arrangements and coordinated […]

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