Storyline
Europe is facing a natural gas shortage ahead of the 2026 heating season, driven by low stock levels and renewed conflict in the Middle East. Gas prices have surged to a three-year high, with European storage facilities only 67% full. The situation is further complicated by the EU's slow progress in reducing reliance on Russian energy supplies.
From the beginning to today
Europe approaches the heating season with low natural gas reserves, which may lead to rising prices. Governments and energy companies have slowed gas injection due to price increases driven by new conflicts in the Middle East.
Gas prices in Europe have surged to their highest level since early 2023 due to low storage levels and concerns over supply disruptions through the Strait of Hormuz. As of September 8, European gas storage is only 67% full.
ЄС вступає в зиму з низькими запасами газу
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