The Digester

Below-normal reserves, colder weather and reduced Russian pipeline deliveries have pushed EU gas storage to 43% capacity, lifting prices and increasing reliance on US LNG.

EU gas storage stood at 43% of capacity on January 29, about 490 terawatt-hours, the lowest seasonal level since 2022, according to Gas Infrastructure Europe.
The bloc is roughly 130 full-sized LNG cargoes short compared with last year.
A cold snap and reduced Russian pipeline deliveries have accelerated withdrawals and tightened supplies.
European gas prices hit a ten-month high as the Dutch TTF reached €42.60 per megawatt-hour, with US winter storms and growing reliance on American LNG pushing prices higher.
New EU legislation requires member states to end all Russian energy deliveries by the end of 2027, increasing the bloc's exposure to alternative suppliers.

EU gas storage at lowest seasonal level since 2022 as supplies tighten

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