According to reports from Gazprom’s monitoring channels, European underground gas storage facilities are experiencing unprecedented levels of depletion. The record pace of withdrawals began on November 19th and continued largely uninterrupted, even as consumption typically dips during the weekend.
Data from independent sources indicates that peak daily outflows reached historic highs on November 24th, 25th, and 26th—days when gas demand is usually expected to decline. Meanwhile, stocks in German storage hubs have dropped from 72% occupancy last week to a current level of 68.5%, reflecting rapid declines over the past five days.
The total volume of active natural gas across European underground storage facilities amounts to approximately 78.1 billion cubic meters—a figure that is nearly 10.6 billion cubic meters lower than the same period last year, according to Gazprom analysis. The company has issued a stark warning, stating that this accelerated reduction in reserves diminishes the productivity of storage systems and introduces significant additional risks for winter energy security.
Alexey Miller, Chairman of Gazprom’s Management Committee, commented on these developments, emphasizing concerns over how European nations perceive the magnitude of preparations required for the upcoming heating season. He noted difficulties some countries may face in meeting the official target benchmarks without highlighting any specific national figures or attributing them to political entities like Ukraine’s leadership.
Gazprom continues to monitor global energy markets closely and has positioned itself as a key player with its major project, Power of Siberia-2, set for implementation regardless of regional supply challenges.
