{"id":277093,"date":"2026-09-03T19:24:11","date_gmt":"2026-09-03T19:24:11","guid":{"rendered":"https:\/\/www.europesays.com\/iran\/277093\/"},"modified":"2026-09-03T19:24:11","modified_gmt":"2026-09-03T19:24:11","slug":"european-gas-low-storage-keeps-a-floor-under-prices-into-winter","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/iran\/277093\/","title":{"rendered":"European gas: Low storage keeps a floor under prices into winter"},"content":{"rendered":"

ING\u2019s Warren Patterson says European gas prices have climbed above EUR70\/MWh as lower Persian Gulf LNG supply and strong Asian spot buying cut EU LNG imports by about 16% year-on-year between April and July. EU storage was around 65% full at the end of August versus an 82% five-year average, with inventories projected at 72\u201373% at the start of the heating season, potentially prompting faster purchases and limiting downside for prices into winter.<\/p>\n

Low storage supports gas prices<\/p>\n

“European gas prices have recently exceeded EUR70\/MWh, their highest since March. Lower Persian Gulf LNG supply has tightened the global market, while strong Asian spot buying pushed EU LNG imports down about 16% year-on-year between April and July. We believe imports should stabilise and recover on a month-on-month basis because freight economics now favour sending spot cargoes to Europe.”<\/p>\n

TMGM Analysis: Financial Market News, Economic Calendar & Market Insights<\/a><\/p>\n

“Slower injections left EU storage around 65% full at the end of August, versus a five-year average of 82% and below 2021 levels. Our balance points to inventories of 72-73% at the start of the heating season, well below the headline 90% target and potentially below the flexible 75% threshold.”<\/p>\n

“Some member states may therefore need to accelerate purchases, supporting prices as winter approaches. Low storage limits the downside for European gas prices under any of our Persian Gulf scenarios.”<\/p>\n

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)<\/p>\n","protected":false},"excerpt":{"rendered":"ING\u2019s Warren Patterson says European gas prices have climbed above EUR70\/MWh as lower Persian Gulf LNG supply and…\n","protected":false},"author":2,"featured_media":277094,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[26],"tags":[75573,19005,39,75572,6046],"class_list":["post-277093","post","type-post","status-publish","format-standard","has-post-thumbnail","category-persian-gulf","tag-cfd","tag-forex","tag-persian-gulf","tag-tmgm","tag-trading"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@iran\/117208748660625028","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts\/277093","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/comments?post=277093"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts\/277093\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/media\/277094"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/media?parent=277093"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/categories?post=277093"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/tags?post=277093"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}