EU considers gas security adequate for the winter despite lower stocks

Although gas storage levels are lower than in previous years, Member States and the European Commission consider that there are no immediate risks to the security of gas supply in the EU.

At the end of the Gas Coordination Group (GCG) meeting, experts from the Commission and Member States confirmed that, although the situation on global energy markets remains exceptional and requires careful monitoring, the picture is significantly different compared to 2021-2022. Today the EU is better prepared thanks to greater diversification of supplies, higher LNG import capacity and reduced gas demand.

Based on historical projections, the EU is on track to reach an adequate level of preparedness for winter. Under current conditions, the Commission therefore sees no reason to intervene. The European gas system is considered resilient enough to face the next winter even with lower storage levels.

Overall, the situation in the Middle East remains unstable and Qatar's LNG production is still at a standstill. More recently, heat waves in Europe have also pushed up demand for gas for electricity generation. Geopolitical uncertainty continues to fuel significant price volatility.