European underground gas storage (PCHG) levels reached record lows…
European underground gas storage (PCHG) levels reached record lows in August 2026, with gas reserves below previous critical minima from 2018 and 2021, according to Gazprom. The company warned of serious risks to winter energy supply due to insufficient filling, citing data from Gas Infrastructure Europe.
Consensus
- Gas reserves in European underground storage facilities are at an all-time low.
- The volume of gas in European storage is lower than during previous critical periods in 2018 and 2020.
- Gazprom reported that gas storage levels in Germany are below 50% and in the Netherlands below 40%.
- The situation poses risks to reliable energy supply during the winter season.
- The data on gas storage levels comes from Gas Infrastructure Europe.
- The record low is linked to a record low in gas injection volumes on August 4, 2026, the lowest since 2012.
Points of divergence
- On August 8, Gazprom stated that the situation with gas injection into European underground storage is worsening. — fontanka
- The deficit in gas storage compared to the same date in 2025 increased by 400 million cubic meters over four days in August, reaching 12.4 billion cubic meters. — vedomosti
- On July 30, Gazprom reported that gas storage levels in Europe were 10 billion cubic meters, 16.9% lower than in 2025. — vedomosti
- Gazprom reported a historical maximum in daily gas exports to China via the Power of Siberia pipeline in late July. — fontanka
Coverage (3 sources)
- Gazprom: Underground storage in Europe has record low gas levels — Фонтанка
- Europe set new record low for gas injection into storage, Gazprom says. — РИА Новости (Telegram)
- In Europe, a new record for the level of gas pumping into storage facilities has been recorded — Ведомости