Overview
- The Council of the EU set ban dates for Russian gas: pipeline supplies end for short‑term contracts on 17 June 2026 and for long‑term contracts on 1 November 2027, while LNG ends on 25 April 2026 (short‑term) and 1 January 2027 (long‑term).
- European underground storage held 63 bcm on 31 December 2025, which Gazprom noted is 10.6 bcm below a year earlier and implies lower storage deliverability, with Netherlands, Slovakia and Hungary falling below 60% fill on key sites by late December.
- December 2025 injections were the lowest in 11 years at 951 million cubic meters, withdrawals totaled about 15.4 bcm, and storage stood 62.24% full—11.7 percentage points below the five‑year average for the date.
- LNG send‑out into the EU gas system reached roughly 142 bcm in 2025, up 28% year over year, with a record December near 12.7 bcm, 21% above December 2024.
- Pipeline deliveries via the European branch of TurkStream hit a record ~18.06 bcm in 2025, up 8.3% from 2024, and became Gazprom’s only route to Europe after Ukraine transit stopped on 1 January 2025.