EU gas storage is now at one of the lowest seasonal levels on record, with the shortfall feeding a “winter panic” among traders amid the Iran war and Brussels’s continued push to phase out Russian energy, according to The Guardian.
EU gas stocks are at around 64% as of Friday, far below the 80% average maintained during this season over the past several years, according to the European Network of Transmission System Operators for Gas (ENTSOG).
For comparison, EU stocks were at about 66% on August 29, 2021, and around 72% on the same date in 2013, although the fill level typically drops much lower in winter months when consumption is high.
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