The European Union will have plenty of gas in stock next winter and the remaining buyers of Russian pipeline gas in central Europe are working on alternative imports in case transit via Ukraine stops from January, analysts and companies said.
German nationalised gas trader SEFE is exploring transforming some of its underground storage caverns and pipelines to clean hydrogen, its CEO said, indicating this could involve investments of roughly 500 million euros ($541 million).
Dutch and British wholesale gas prices fell on Monday morning as increased supply from Norway, unseasonably warm temperatures and high gas storage levels weighed on the market.