Key facts
- EU gas supply remains stable despite lower-than-historical storage levels.
- European gas storage sites were 70% full as of September 24.
- Germany's gas storage is only 57% full, below the EU average.
- Choked LNG flows from the Middle East have driven up gas prices in Asia and Europe.
The European Union's natural gas supply is currently stable, according to the Gas Coordination Group, which advises the European Commission on security-of-supply measures. Despite this assessment, concerns are mounting due to significantly lower gas storage levels compared to historical averages. The group met this week to review the market situation and reconfirmed the stable supply, but acknowledged the lower storage figures.