EU gas storage to miss 90% target, hit 68%; prices double

Europe is projected to enter winter with gas storage at only 68% capacity, below the 90% target and lower than during the 2022 crisis, according to IntelliNews Lambda's model. Gas prices have already doubled, but the model assesses a repeat of the 2022 crisis as unlikely. The shortfall signals tighter supply-demand balance and elevated price risk for the coming heating season.