The European Union is better prepared to ensure its energy security ahead of the winter season, the State of the Energy Union Report 2023 says.
The 27-nation bloc's gas storage facilities were filled to 95 percent of capacity ahead of the winter of 2022-2023 and currently stand at more than 98 percent full today.
The EU Energy Platform organised three rounds of joint purchase of gas, collecting 44.75bcm of demand and matching it with 52bcm of supply offers
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Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.