Wednesday, 06 August 2025 11:38

Gas reserves in European storage facilities reach 70%

The region is maintaining an injection rate above 300 million cubic meters per day (with a weekly average of 377 million cubic meters), which is sufficient to achieve the target of 90% storage capacity by November 1, as required by European Union regulations. To reach the 90% level by November, it would be enough to inject 255 million cubic meters per day.

The EU is preparing for the upcoming winter amid growing competition in the LNG market, reduced renewable energy output, and deliberately restricted access to Gazprom’s gas. During the last heating season, Europe was forced to actively draw from its storage reserves, as the winter was the coldest in the past four seasons. By the end of the withdrawal season, storage levels had dropped below 34%.

In July 2025, Europe consumed 11.3 billion cubic meters of gas imported as LNG (equivalent to 8.7 million tons in liquefied form), which is 37% more than a year earlier. Terminals operated at an average utilization rate of 47%.

In July 2025, gas at the main European hub TTF (day-ahead contract) traded at an average of $401 per thousand cubic meters, which is 11% higher than in the same month of 2024. The regional spot index JKM has been exceeding TTF prices by more than 10%.

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