According to data from the European Gas Infrastructure Organization (GIE), the total net withdrawal of gas from underground storage (UGS) has reached 52 billion m3 since the heating season began, equivalent to about 95% of the gas that had been pumped in before.
On February 9 alone, the European Union (EU) countries withdrew about 623 million m3 of gas from storage. The gas withdrawal rate since the beginning of February 2026 is currently the third highest ever recorded in February. The total amount of gas remaining in UGS storage is currently about 39.9 billion m3.
Weather conditions in Europe this week are significantly warmer than last week. Forecasts show that most areas will maintain temperatures above 0 degrees Celsius for many days to come, which may help reduce heating demand.
Regarding the electricity structure, wind power accounted for an average of 19% of the EU's electricity output in January and increased to 21% in February. Meanwhile, the average gas purchase price in Europe in February was 409 USD/1,000m3, lower than the 415 USD in January.
The gas withdrawal season from European underground storage last year ended on March 28, 2025, when the remaining reserves accounted for 33.57% of capacity.
Currently, European underground gas depots are containing gas at 36.13%, 16.65% lower than the average of the same period in the past 5 years, and significantly lower than the 48.5% of a year ago.
Since the heating season began on October 13, 2025, EU countries have withdrawn a total of about 57 billion m3 of gas from reserves. The net withdrawal amount reached nearly 52 billion m3, equivalent to 95% of the amount of gas pumped in in the summer.
