In total, the European market has already received 10.2 billion cubic meters of Russian gas, the publication neftegaz.ru specifies. And it notes that gas quotations in Europe are declining, but are holding above $405/1000 m3 against the backdrop of an advanced schedule of filling gas storage facilities.
The stability of the gas market is not negatively affected even by the abnormal heat wave, which persists in many European countries. Because of this, electricity generation by renewable energy sources (RES) has fallen sharply, but this has little effect on gas consumption.
According to WindEurope’s data as of August 11, 2025, renewable energy generation accounted for 9.5% of electricity demand in Europe (14.8% the day before).
Underground gas storage facilities in the EU are 71.96% full, with 77.08 billion m3 of gas in storage, according to Gas Infrastructure Europe (GIE) data as of August 9, 2025. At the beginning of the injection period (March 29), European underground gas storage facilities were 33.63% full, holding 36.38 billion cubic meters of gas from last winter.
In order to achieve the target of creating “blue fuel” reserves for the upcoming winter period, European operators still have to pump into storage facilities a little more than 19 billion cubic meters of gas. According to the European Commission’s requirement, by the beginning of November, underground gas storages in the EU countries should be 90% full. This goal will be achieved if at least 235 million cubic meters per day will be pumped into the reserves on a daily basis, while today the rate of reserve creation is about 300 million cubic meters per day.
