Despite the absence of Russian supplies .. Europe expects gas stocks up to 79% before the winter

The Independent Community Intelligence Service (ICIS) expected that Europe will succeed in securing natural gas stocks in preparation for the winter, expected that the filling rate of gas tanks will reach 79% by the end of August 2025, which reflects the flexibility of the market despite the interruption of Russian gas.

The Foundation pointed out that the European Union continues to implement a full ban on Russian gas by December 2027, while stopping the signing of new contracts for LNG after the summer of 2026, without relying on the transit of gas through Ukraine. The Foundation also explained that the gas prices witnessed a decrease of 8% during the current month to reach about 33.90 euros/megawat/hour on the Dutch TTF index, driven by a decline in risks The geopolitical and the height of stocks. She noted that Europe has strengthened the supply from the Middle East over long -term decades, as Qatar signed in October 2023 three agreements to supply LNG to France, the Netherlands and Italy for 27 years, with the supply to begin in 2026.