{
  "id": 9784786,
  "title": "EU Shrugs Off Gas Supply Fears Despite Low Storage Levels",
  "url": "https://urgent.news/2026/09/25/eu-shrugs-off-gas-supply-fears-despite-low-storage-levels",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-25T15:30:00.000Z",
  "source": {
    "name": "OilPrice",
    "slug": "oilprice",
    "url": "https://oilprice.com/Latest-Energy-News/World-News/EU-Shrugs-Off-Gas-Supply-Fears-Despite-Low-Storage-Levels.html"
  },
  "original_language": "en",
  "account": "The European Union's natural gas supply is currently stable, according to the Gas Coordination Group advising the European Commission. Despite lower storage levels compared to historical norms, the Commission and EU countries affirmed that gas supply remains secure. The EU will continue to closely monitor the situation in collaboration with member countries and stakeholders. This assessment comes after Asian and European gas prices surged in March following the closure of the Strait of Hormuz. While crude oil shipments have been flowing through the region at high volumes, liquefied natural gas (LNG) shipments have faced challenges passing through the chokepoint due to the difficulty of reloads in ship-to-ship transfers. This has led to sharply higher gas prices in Asia and Europe as buyers compete for scarce supply not requiring passage through the Strait. As of September 24, EU gas storage sites were only 70% full, significantly lower than the 80% capacity seen last year and above the five-year average of 80%. Germany, as the largest economy and fourth-largest gas storage holder globally, has particularly low storage levels at just 57%, raising concerns about potential supply security in a colder than usual winter.",
  "summary": "The European Union’s natural gas supply remains stable, according to the Gas Coordination Group, which advises the European Commission on coordinating security-of-supply measures in the event of an EU or regional emergency. The Gas Coordination Group met again this week to take stock of the current gas market situation, the European Commission said on Friday. “Despite lower storage levels…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}