# Europe Enters Winter With Its Lowest Gas Inventory of the 2020s

> EU gas storage was 71.6% full on Nov. 11, with Germany at 58%, well below the five-year average for the start of the heating season. Asian spot LNG is above $30 per MMBtu, and Rystad sees winter price risks in both directions.

- Date: 2026-11-12 · published 2026-11-13T00:10:59.721Z
- Category: macro · region EU · magnitude medium
- Page: https://feedsoft.ai/events/96627-europe-enters-winter-with-its-lowest-gas-inventory-of-the-2020s
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Low European storage and Hormuz-related LNG losses pull US cargoes toward Asia, supporting European gas prices and raising feed-energy and fertilizer costs for buyers.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2021-09-23 | [On the cusp of Europe's winter season, gas storage hits 10-yr low](https://feedsoft.ai/events/7928-on-the-cusp-of-europe-s-winter-season-gas-storage-hits-10-yr-low.md) | +15.2% | +3.2% |
| NATGAS | 2026-10-28 | [European natural gas prices soar: What it means for your winter bills](https://feedsoft.ai/events/625-european-natural-gas-prices-soar-what-it-means-for-your-winter-bills.md) | +0.7% | — |
| NATGAS | 2018-07-03 | [Gas traders fear US winter price spike - Energy Risk](https://feedsoft.ai/events/64222-gas-traders-fear-us-winter-price-spike-energy-risk.md) | -1.3% | -2.8% |
| NATGAS | 2024-06-18 | [What’s in store for gas and LNG in Europe?  \| Wood Mackenzie](https://feedsoft.ai/events/29958-what-s-in-store-for-gas-and-lng-in-europe-wood-mackenzie.md) | +1.6% | -24.0% |
| NATGAS | 2025-02-12 | [Winter Weather, LNG Demand Raises Forecast Natural Gas Benchmark Prices — The Offtake](https://feedsoft.ai/events/26218-winter-weather-lng-demand-raises-forecast-natural-gas-benchmark-prices-the.md) | +54.4% | +15.3% |

## Sources

- oilprice.com: https://oilprice.com/Energy/Natural-Gas/Europe-Enters-Winter-With-Its-Lowest-Gas-Inventory-of-the-2020s.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.