EU gas reserves hit 13-year low
Gas reserves in Europe's underground storage facilities stood at 59.1% as of August 10.
Consensus
- Gas storage levels in the European Union are at their lowest point in 13 years.
- The fill rate of European gas storage facilities in late August was below 64%.
- The situation has raised concerns about winter supply security and price volatility.
- The European Union relies heavily on imported liquefied natural gas (LNG) for its energy needs.
- The level of gas storage is a key global market indicator.
- Gas Infrastructure Europe (GIE) provides data on gas storage and LNG infrastructure across Europe.
- The average fill rate for this time of year is 80%.
- The current fill rate is significantly below the five-year average.
- The decline in gas storage is linked to high summer demand and reduced LNG imports.
Points of divergence
- The main cause of the gas deficit is the disruption of gas exports from the Persian Gulf due to the war between the US and Israel against Iran. — vedomosti
- The situation may worsen due to cold periods or weak wind, which would increase winter gas consumption. — tg_dwglavnoe
- Gas storage levels reached 63.8% on 26 August, which is 17.22 percentage points below the five-year average. — interfax
- German gas storage levels were at 49.68% on 17 August. — vesti
- Gas storage levels were at 59.1% on 10 August, which is 12.4% lower than the previous year. — riamo
- Gas storage levels were at 58.1% in early August, the lowest since 2011. — kommersant
- Gas storage levels reached a historical low of 57.11% at the beginning of August. — tg_tass_agency
- The UK has almost no gas in storage ahead of winter. — vedomosti
- The price of gas in the EU exceeded $700 per thousand cubic meters. — riamo
- Prices for gas in Europe reached three-year highs above €68 per MWh. — vedomosti
- European countries may seek gas supplies from Russia. — riamo
- The EU plans to fully stop importing Russian LNG by 1 January 2027 and pipeline gas by 30 September 2027. — kommersant
Coverage (20 sources)
- The Guardian: Gas reserves in EU storage facilities have fallen to a record low in 13 years — Ведомости
- Gas reserves in EU at minimum, says The Guardian — DW Главное
- Gas reserves in Europe's underground storage facilities rose to 63.8% — Интерфакс
- EU underground gas storage filled to 63.54%, LNG supplies decline — Интерфакс
- Gas reserves in Europe's underground storage facilities rose to 63.28% — Интерфакс
- Gas reserves in Europe's underground storage facilities are filled to 61.68% — Интерфакс
- Gas reserves in Europe's underground storage facilities rose to 61.82% — Интерфакс
- EU underground gas storage filled to 61.61%, injection rate below average — Интерфакс
- Gas reserves in Europe's underground storage facilities rose to 61.37% — Интерфакс
- Gas reserves in Europe's underground storage facilities rose to 61.11% — Интерфакс
- Germany's gas storage facilities are approximately half full — Вести
- EU underground gas storage filled to 60.78%, injection rate below average — Интерфакс
- Europe cut LNG purchases to two-year minimum — Вести
- PHG of Europe filled to 59.92%, injection rate below average — Интерфакс
- Gas reserves in European underground storage dropped to 59.1% by August 10 — РИАМО
- Gas reserves in Europe decreased by 13.4 billion cubic meters year on year — Ведомости
- EU underground gas storage filled to 59.32%, injection rate below average — Интерфакс
- EU underground gas storage filled to 59.4%, injection rate below average — Интерфакс
- Europe's PHS filled to 59.12% - 16.77 percentage points below the five-year average — Интерфакс
- Gas reserves in Europe's underground storage facilities rose to 58.84% — Интерфакс