economy
January 9, 2026
Gazprom warns of unusually rapid depletion of EU gas storages
The EU could face gas shortages as storage levels slip below 60%, Russian energy major Gazprom has warned
TL;DR
- EU gas storage is at 59.9%, below the five-year norm for early January.
- Major consumers like Germany (54.1%) and the Netherlands (46.1%) show sharp declines.
- 23.6 billion cubic meters of gas have been withdrawn from EU storage since the heating season began.
- Withdrawals are outpacing previous periods, with record levels on December 24-25.
- Colder weather in late December and forecasts for low temperatures in early January are increasing heating demand.
- The EU has reduced Russian energy imports due to sanctions related to the Ukraine conflict, aiming for complete elimination by 2027.
- Russia criticizes EU sanctions as harmful and detrimental to Europe's competitiveness and consumer prices.
Continue reading
the original article