Overview
- European underground storage held 66.3 bcm of gas on December 25, which Gazprom said was 9.9 bcm below the level a year earlier.
- Withdrawals on December 24 and 25 were the highest ever recorded for those dates, according to the company.
- Germany’s storage stood at about 59.8% on Christmas, a threshold Gazprom noted was reached a month later in the previous withdrawal season.
- The Netherlands’ inventories fell to roughly 52.5%, while the Baltic region’s sole site, Inčukalns in Latvia, slipped to about 49.5%, the company said.
- Gazprom cautioned that low stocks could push withdrawals into spring and stressed that the EU has approved a phased reduction of Russian gas from January 2026 with a transition period to 2028.