European Gas Depleting At Fastest Pace In Seven Years

Europe’s vast natural gas inventories are currently depleting at the fastest clip since 2018 as cold weather ramps up heating needs. According to Gas Infrastructure Europe data, storage is just over 70% full compared with about 86% a year ago. Gas inventories currently are 25% below last year’s peak, marking the biggest drop in seven years. “The lower that end-March storage levels are, the harder it will be for the region to refill ahead of the next winter,” Samantha Dart, Goldman Sachs Group Inc.’s head of natural…