Gas stocks could be full before the end of August

The fill rate for gas storage facilities in Europe reached 58.75% on 1 April, the start of the gas summer. Under these conditions, the market expects that the target fill rate of 90% set by the European Commission for the 2021-2022 crisis will be reached before the end of August. The European Commission requires stocks to be 90% full by 1 November. Although LNG imports fell in March, the quantities of LNG delivered to Europe in 2024 should be similar to those delivered in 2023, at around 160 billion cubic metres (for Europe and Turkey).