EU gas storage facilities are already more than 90 percent full

Gas storage facilities in the European Union are already more than 90 percent full, putting them at a record level for this time of year. Even so, they may not be sufficient to cover winter demand, Bloomberg reported. According to the latest data from Gas Infrastructure Europe (GIE), EU storage facilities were 90.12 percent full on Wednesday, equivalent to roughly 27 percent of annual consumption. The EU has set a target of filling storage facilities to 90 percent by November 1 at the latest.

„The EU has reached its target of filling gas storage facilities to 90 percent around two and a half months ahead of the deadline,“ the European Commission said in response to the storage data.

In Germany, Europe's largest gas consumer, storage facilities were almost 92 percent full on Wednesday, while in the Czech Republic they were more than 93 percent full.

Bloomberg nevertheless points to persistent risks, such as the threat of strikes at Australian liquefied natural gas (LNG) plants. Europe is still coping with a drop in gas supplies from Russia as a result of the war in Ukraine, it says. „In other words, Europe's energy crisis is not over yet,“ Bloomberg writes.