Business · Energy & Commodities · 1 hr ago
European gas storage falls to lowest level since 2013
Europe is entering winter with its lowest gas reserves in more than a decade.
EU storage was 75% full at the end of October, below the 80% threshold.
The low levels are linked to tensions around the Strait of Hormuz and disruptions to shipping, which have pushed up prices.
Italy’s storage was 95% full, but many other European countries were below the EU threshold.
Limited reserves could make it harder to get through the heating season without disruption.
The International Energy Agency says tight conditions in the global gas market could last into 2027.
European Union gas storage was 75% full at the end of October, the lowest level since 2013, according to a report by the International Energy Agency.
The level was below the EU’s mandatory 80% threshold.
Low reserves could add to tensions in global gas markets, and the tight market could continue into 2027.
The report attributed the low reserves to the situation around the Strait of Hormuz and disruptions to maritime shipping.
At current storage levels, gas injections may not be enough to ensure the heating season ends without disruption.
Italy reported that its gas storage facilities were 95% full, while levels in many other European countries remained below the EU requirement.
- Who
- The European Union and its gas storage facilities.
- What
- Storage was 75% full at the end of October, its lowest level since 2013.
- When
- At the end of October; the reports were published on November 3 and 4, 2026.
- Where
- European Union countries.
- Why
- The report attributed low reserves to the situation around the Strait of Hormuz and disruptions to maritime shipping.
This story does not have two clearly opposing sides.
EU gas storage facilities were 75% full, below the mandatory 80% threshold.
TASS and NU.nl reported on the IEA assessment of Europe’s low gas reserves.
Al Madina published a headline reporting that European gas stocks were at their lowest level in 13 years.
- EU storage at end of October
- 75% full
- Mandatory EU threshold
- 80%
- Lowest level since
- 2013
- Italy storage
- 95% full
- Potential market tightness
- Could last into 2027