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UK Energy Market Update September 2026 Market Summary EU gas storage continued to rebuild during September, with inventories rising from 65.1% full at the start of the month to around 71.5% by month end. Storage injections remained positive despite ongoing competition for LNG cargoes and continued concerns over Europe’s ability to replenish stocks ahead of winter. Although inventories increased throughout the month, storage levels finished September significantly below the po

UK Energy Market Update August 2026 Market Summary EU gas storage continued to rebuild during August, with inventories rising from 57.1% full at the start of the month to 65.1% by month end. Despite the increase, refill activity remained subdued as elevated gas prices, strong LNG competition from Asia and disruption to global LNG supply chains limited injection rates across the continent. Storage finished August around 12 percentage points below the same period in 2025 and

UK Energy Market Update July 2026 Market Summary EU gas storage continued to rebuild during July, with inventories rising from around 49% full at the start of the month to 57.1% by 1 August, reflecting a steady but relatively subdued refill programme across the continent. Despite the month-on-month increase, storage levels remained significantly below historical benchmarks, ending July around 11.7 percentage points lower than the same period in 2025 and at their lowest leve

UK Energy Market Update June 2026 Market Summary EU gas storage continued its seasonal refill through June, rising from around 40% full at the end of May to approximately 49% by month end as inventories steadily rebuilt across the continent. Despite this progress, storage levels remained around 10 percentage points below the same point in 2025, reflecting the impact of stronger winter withdrawals and a slower refill season than in previous years. This deficit continued to r

UK Energy Market Update May 2026 Market Summary EU gas storage continued its seasonal refill through May, rising from around 33.5% at the end of April to approximately 40.5% by month end as injections progressed steadily across the continent. This increase reflected ongoing summer replenishment activity and relatively moderate demand, allowing storage levels to build on a consistent day to day basis. Despite this progress, inventories remained well below the five-year seaso

UK Energy Market Update April 2026 Market Summary EU gas storage moved back into injection mode through April, rising from just over 28% at the end of March to around 33.5% by month-end as milder weather reduced heating demand and the summer refill season progressed. Despite this recovery, inventories remained well below the five-year average of around 46% for this time of year, reflecting heavy winter drawdowns across Europe. Strong LNG inflows into Northwest Europe suppor

UK Energy Market Update March 2026 Market Summary EU gas storage continued to edge lower through March, slipping from around 30% to just over 28% by month-end as the Winter-25 withdrawal season ended, finishing below both the five-year norm and the recent three-year average. Early-month heating demand kept withdrawals elevated across Northern and Western Europe, with Germany, France and the Netherlands remaining among the most depleted major markets, although milder weather

UK Energy Market Update February 2026 Market Summary EU gas storage continued to fall in February, dropping from around 41% to near 30% by month-end, well below the five-year average. Early cold drove heavy withdrawals across Northern and Western Europe, with Germany, France and the Netherlands particularly affected, reaching some of the lowest seasonal levels since 2022. Milder forecasts later slowed drawdowns, slightly stabilising inventories, but levels remained historic

UK Energy Market Update January 2026 Market Summary EU gas storage fell sharply in January, dropping from about 61% to around 41% by month-end, well below the five-year average. Prolonged cold drove heavy withdrawals, particularly in Northern and Western Europe, with France, Germany and the Netherlands seeing the largest declines, while LNG inflows offered only limited support. By month-end, inventories were unusually low for the season, leaving supply buffers tight and inc