The EU is expected to spend at least €10 billion more this year to refill gas stores ahead of winter, as reserves were significantly depleted after a cold season. Following the 2022 invasion of Ukraine, the bloc agreed to maintain gas storage at 90% capacity, necessitating an estimated €26 billion to meet this target by November, compared to €16 billion last year. Analysts warn that increased demand from China and the need for higher LNG imports could cause prices to rise, complicating the refilling process amid ongoing market volatility.
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The EU doesn’t need a deal with Trump
Ursula von der Leyen is meeting Donald Trump in Scotland to discuss trade as tariff deadlines approach, drawing insights from her recent summits with Japan and China. The article argues that the EU should not concede to US pressures, highlighting the unpredictable nature of Trump's negotiations and suggesting that both the US and EU have more to lose than appears. Want More Context? 🔎
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