22:06 9 June 2026
Gas stocks in EU approaching historic lows
Europe’s underground gas storage sites are filling slowly because gas is much more expensive than a year ago, prompting companies to delay purchases in hopes of lower prices. According to Gas Infrastructure Europe, EU storage levels have reached 42.48%, about 14.3 percentage points below the five-year average and only slightly above a historic low. Some countries, including the Netherlands, Belgium, and Germany, have particularly low reserves, while Poland is better positioned at 58.88%. Despite this, there is no panic because Europe has more renewable power and expanded LNG import capacity.
Wind generation is rising, and new LNG terminals provide flexibility. However, spot LNG cargoes are currently going to Asia, where prices are higher, so European buyers are waiting.
(wnp.pl)
