Gazprom Says EU Faces Critically Low Natural Gas Reserves
Citing Gas Infrastructure Europe data as of March 28, Gazprom reported that EU storage sites were only 28% full, with the withdrawal season still ongoing in parts of the bloc. Countries including Austria, Belgium, Bulgaria, Hungary, Italy, the Netherlands, Poland, Romania, Slovakia, Croatia, the Czech Republic, and Sweden are continuing to draw gas from storage facilities.
Gazprom CEO Alexey Miller characterized the EU’s gas reserves as “critically low for modern Europe,” noting that inventories stood at 33.5% on the same date in 2025 and 58.7% in 2024.
Storage in Germany, France, and the Netherlands—some of the EU’s largest gas-consuming nations—averaged just 17.4% full, while Dutch underground facilities held only 5.3% of capacity, marking a record low, according to Gazprom.
Miller warned that reserves in European underground gas storage may fail to reach 70% by the start of the next withdrawal season. He also cited colder-than-normal temperatures last week in several key gas-consuming regions of continental Europe, which have further increased demand.
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