Wood Mackenzie forecasts EU gas storage will finish the key refill season (typically Apr–Oct) at about 76 pct full, the lowest peak since 2011, increasing risk of higher gas prices for businesses and households this winter. Supply shortfalls reflect Middle East conflict disruptions to LNG shipments through the Strait of Hormuz and production declines in Qatar and the UAE. EU storage began the refill season unusually low at 28 pct after a cold winter; Gas Infrastructure Europe (GIE) data show ave

2026-06-29

Wood Mackenzie forecasts EU gas storage will finish the key refill season (typically Apr–Oct) at about 76 pct full, the lowest peak since 2011, increasing risk of higher gas prices for businesses and households this winter. Supply shortfalls reflect Middle East conflict disruptions to LNG shipments through the Strait of Hormuz and production declines in Qatar and the UAE. EU storage began the refill season unusually low at 28 pct after a cold winter; Gas Infrastructure Europe (GIE) data show average storage currently around 48 pct.