Europe enters winter with lowest gas storage since 2020s; LNG prices above $30

EU gas storage at 71.6% full, well below the five-year average, with Germany at 58%, as Asian spot LNG trades above $30/MMBtu. Rystad Energy sees balanced risks, advising buyers to plan for a wide range of outcomes. The low inventory and high LNG prices signal potential supply tightness and price volatility in European gas markets this winter.

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