The European Union will need significantly higher imports of liquefied natural gas (LNG) this summer to replenish depleted gas storage before the winter, according to the latest assessment by the bloc's agency for the cooperation of energy regulators (ACER).
While the bloc is still reeling from gas markets volatility due to the conflict in the Middle East and the on-off closure of the critical Strait of Hormuz, ACER's summer supply outlook warns that EU gas storage was only 28 percent full at the start of the summer injection season on 1 April, its lowest level in four years.
