European gas reserves hit 2013 lows

Data from Europe's Gas Infrastructure Authority indicates that gas reserves in European storage facilities have reached their lowest level since 2013, with storage levels at 63.28%. This is 17.24 percentage points below the five-year average. The facilities currently hold approximately 69.2 billion cubic meters of gas, which is 14.3 billion cubic meters less than last year. Russian Gazprom has predicted that European gas reserves will fall below 75% by the upcoming heating season. Since April, the reserves have recorded their lowest level in six years, with only 57% of the required quantities for winter being injected, amounting to 39 billion cubic meters.

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