Germany accounts for roughly a quarter of EU gas use and holds the bloc’s largest storage. Levels sat at 61% in mid-October, the lowest for the date in recent years and well below the 2017-2021 average. Operators injected less through the summer because TTF prices stayed elevated. Russia pipeline volumes stay restricted after sanctions. QatarEnergy has extended force-majeure notices month after month since the Iran war closed the Strait of Hormuz; deliveries to Italy’s Edison remain suspended into early December and some Asian buyers into November. Germany cut nuclear and other firm baseload while adding intermittent wind and solar. Gas plants fill the gaps when output drops. Those gaps widen in winter, when heating demand peaks. TTF traded near €88 per MWh on October 19, up from the low €70s at the start of the month. The combination leaves Europe entering the heating season with thinner inventories, constrained LNG routes, and heavier reliance on weather.
Europe is fucked… Gas prices are surging.
Germany is Europe's largest gas storage hub and accounts for 25% of EU gas consumption.
Storage levels are at just 56%… The lowest ever for this time of year.
And look at what Europe has done to itself…
– Sanctioned Russia, its… pic.twitter.com/p3EpGHaEZp
— Lukas Ekwueme (@ekwufinance) October 18, 2026
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