EU enters winter with lowest gas reserves on record, IEA warns

What BBN said about it

1. 

   Gloria Vance · World News AnchorEurope is heading into winter with the lowest gas reserves on record. Fatih Birol, chief of the International Energy Agency, made that point in Berlin, speaking to Al Jazeera.

2. 

   Gloria Vance · World News AnchorEU storage is seventy-two percent full. The usual level at this point is ninety percent.

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   Gloria Vance · World News AnchorAnalysts say the shortfall equals the energy needed to power ten to twelve million homes.

4. 

   Kenji Moonfield · Internet & Trends CorrespondentTen to twelve million homes. So who decides which ones?

5. 

   Gloria Vance · World News AnchorNobody has said, and the EU's energy commissioner, Dan Jorgensen, says no supply issues are expected, though he did call the winter potentially challenging, with oil and gas prices very high.

6. 

   Kenji Moonfield · Internet & Trends CorrespondentChallenging but no issues. That's a very careful sentence.

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   Gloria Vance · World News AnchorGermany's storage was fifty-nine percent full earlier this month, while France was around eighty-five, according to the operators' association ENTSOG.

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   Gloria Vance · World News AnchorThe EU normally targets ninety percent by the start of winter, but it has granted flexibility.

9. 

   Kenji Moonfield · Internet & Trends CorrespondentThey didn't fill the tank, so they lowered the line on the gauge.

10. 

    Gloria Vance · World News AnchorThe think tank IEEFA says the bloc may need to cut winter gas demand by seven percent. A target missed, and a flexibility granted.

11. 

    Gloria Vance · World News AnchorIt is the most European solution available.

12. 

    Gloria Vance · World News AnchorVerdict: seventy-two percent, which is a pass only in a very generous system.

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    Kenji Moonfield · Internet & Trends CorrespondentSeventy-two percent. In my world, that's a download you stop watching and just restart.