Europe’s Gas Storage Slips to 54.9% as Germany and France Fall Below Half

Record early‑January draws during a cold spell have left inventories below last year’s level, GIE data show.

Overview

Europe holds 60.7 bcm of gas in storage, equal to 54.88% of capacity as of January 10, according to Gas Infrastructure Europe.
Germany’s storage stands at 47.4% and France’s at 48.3%, with Germany identified as Europe’s largest storage market.
Since the heating season began on October 13, net withdrawals have reached about 31 bcm, with roughly 35 bcm taken from storage in gross terms.
Inventories are 14.91 percentage points below the five‑year average for this date and down from 67% one year ago.
Gazprom, citing GIE figures, said daily withdrawals set date records on January 5–8 during the cold spell.