Europe is entering winter with the lowest gas reserves since 2013
EU gas storage reached 75 percent at the end of October, below its 80 percent target. Gas stocks were at their lowest level in over a decade. Global LNG supply is expected to drop 3 percent in 2026. The closure of the Strait of Hormuz reduced LNG imports from Qatar and the UAE.
- EU gas storage facilities were filled to 75 percent at the end of October.
- EU gas stocks were at their lowest level in over 10 years
- Global LNG supply is expected to decrease by 3 percent in 2026.
- The International Energy Agency predicts global gas demand will fall around 1.5 percent, or close to 65 billion cubic meters.
- The total volume injected into EU storage during the filling season was about 4 percent less than the average of the last five years.
- The closure of the Strait of Hormuz since the Middle East conflict affected European liquefied natural gas imports.
- The International Energy Agency reports that Europe faces the 2026-2027 heating season with natural gas reserves at their lowest level in over a decade.
Outlets: ABC Color, Free Malaysia Today, Mediapool.bg, NU.nl, Nice-Matin, ORF News (Austria), RTBF Info, RTP Notícias, The Independent
Written by AI from the outlets' reporting and checked automatically; it can contain mistakes. How Daily Brief works · Privacy