Gas stocks in storage facilities across the European Union have fallen to unusually low levels due to a cold winter, raising concerns amid problems with energy supplies from the Middle East. This was reported by Politico, citing an unnamed official from the Ministry of Energy of an EU country.
According to the official, there is no guarantee that traders will be encouraged to replenish their reserves in the summer. However, the official noted that there is no immediate threat. In theory, the EU could resort to joint emergency purchases and price caps. For now, however, the countries are reluctant to resort to extreme measures, preferring to monitor the dynamics of prices and supply levels on the energy market.
EU countries used up all the gas they pumped into storage in the summer of 2025 in February and are drawing on reserves left over from previous years.
Brussels will hold meetings on March 12 to coordinate oil and gas supplies amid the Iran crisis. According to the European Commission, the working group meetings, attended by representatives of EU governments, will discuss the impact of the conflict in the Middle East on energy, as well as current assessments of oil supplies to EU countries. The main purpose of the meetings is to monitor the security of oil and gas supplies and coordinate response measures in case of further deterioration of the situation.