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[BUSINESS] · Germany, EU · 33 sources

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European gas storage levels hit seasonal lows amid winter supply concerns

European natural gas storage levels have reached their lowest point for this period since monitoring began in 2011, with EU-wide capacity sitting just above 70 percent. This decline is particularly pronounced in Germany, where storage levels are at approximately 59.44 percent, significantly below the European average.

Reports from the European Network of Transmission System Operators for Gas (ENTSOG) and the Institute for Energy Economics and Financial Analysis (IEEFA) warn of a potential supply deficit of up to 14 billion cubic meters this winter. Such a shortage would represent roughly 7 percent of the EU's total demand, potentially impacting 10 to 12 million households.

Energy experts caution that a severe cold wave, combined with limited liquefied natural gas (LNG) imports, could cause storage levels to drop as low as 11 to 13 percent by March 2027. This would reach critical strategic reserve levels that are difficult to access. The risk is exacerbated by geopolitical tensions in the Middle East and the upcoming EU ban on long-term Russian LNG contracts in January, which is expected to reduce imports by an additional 7 billion cubic meters.

Entities

Bundesnetzagentur · ENTSOG · Europe · European Commission · European Network of Transmission System Operators for Gas · European Union · Federal Network Agency · France · Gas Infrastructure Europe · Germany · IEEFA · Institute for Energy Economics and Financial Analysis

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