EU Gas Storage at 65.63%, Prices Hit 2022 High
Natural gas reserves levels in Europe are a key indicator for the global gas market.
Consensus
- Gas storage levels in the European Union reached 65.63% as of September 1, 2026.
- The rate of gas injection over the past seven days was 19.2% higher than the five-year average.
- The average gas price in Europe in August 2026 reached $744 per thousand cubic meters.
- Gas prices in August 2026 were 89% higher than in August 2025.
- Geopolitical tensions, including the conflict in the Middle East and closure of the Strait of Hormuz, contributed to rising gas prices.
Points of divergence
- Gas storage levels were 16.7 percentage points below the five-year average for this date. — interfax
- Gas storage levels at the end of August 2026 were only 63%, which caused panic among gas consumers. — vesti
- The average wind energy contribution to regional electricity demand in September 2025 was 18%, up from 20% in September 2026. — interfax
- Futures prices rose from approximately $709 per thousand cubic meters on July 31 to nearly $840 by August 31. — vesti
Coverage (3 sources)
- Gas reserves in Europe's underground storage facilities are filled to 65.85% — Интерфакс
- EU underground gas storage filled to 65.63%, injection rate above average — Интерфакс
- Average gas price in Europe in August reached maximum since 2022 — Вести