EU Gas Reserves Are at the Lowest Level in 15 Years Economic Journal
6 Articles
6 Articles
According to the publication BiGo Finances the level of gas reserves that the European Union holds at this time is due to a miscalculation. The European bloc has been delaying gas purchases in the expectation that the conflict in the Middle East, which began in February between the United States, Israel, and Iran, would have a rapid outcome, allowing natural gas coming from Qatar to pass through the Strait of Ormuz again at a lower price. Howeve…
The European gas price broke through the 70 euro per megawatt-hour mark this week, the highest level since January 2023. And that is not even the most alarming figure: gas stocks are at their lowest level in fifteen years. Precisely at the moment when Europe should be...
Gas reserves in European underground warehouses, one month before the usual start of the heating season, have been at their lowest level since records have been kept, in 2011, which endangers the supply of gas to the countries of the region, according to data from Gas Infrastructure Europe (GIE).
According to the latest EU data on gas storage levels, Poland is the EU leader, an RMF FM journalist confirmed. In Poland, storage capacity is 93.5% full, the highest level in the EU. For comparison, the EU average is 65.4%, with Germany reaching 53.3%. Only four countries are worse off than Germany, with the lowest figures being in small countries – the Netherlands (47.2%) and Latvia (45%). This data is from September 1st.
Natural gas reserves in Europe are not yet at the levels needed to withstand the winter period.
teleSUR, Latin American Summary, September 1, 2026. At the beginning of autumn, Europe is approaching an unsustainable situation in terms of natural gas supply. The effect of the reduction on LNG imports, coupled with a level of storage well below standards, the strong geopolitical crisis in [...] Entry Europe. The EU faces winter with gas reserves at its lowest levels was first published in Latin American Summary.
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