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Back On Track? EU Gas Storage 2022

Back to Normal, But Progress Stalls…

After what was seemingly a slow start to 2022, EU Gas reserves are now precisely matching their 6-year averages, despite price increases and declining Russian deliveries.

If you look at our 2nd chart, however, it becomes obvious that after strong progress since the start of 2022, improvements have almost completely stalled from the beginning of June.