Europe Enters Winter with Lowest Natural Gas Stocks in 13 Years

The International Energy Agency (IEA) highlighted the risks posed by the war in the Middle East to global natural gas supply. Due to shipment disruptions in the Strait of Hormuz, liquefied natural gas (LNG) supply is expected to decrease by 3 percent this year. Against this backdrop, Europe is entering the winter period with the lowest stock levels in 13 years. The contraction on the supply side is putting pressure on fill rates at natural gas storage facilities across the continent. The agency warned that if adverse conditions persist, the fill rate at natural gas storage facilities could fall below 10 percent in March 2027. This projection underscores medium-term risks to supply security. Shipping disruptions in the Strait of Hormuz and geopolitical tensions originating from the Middle East stand out as the main factors increasing the fragility of the global LNG supply chain. Not investment advice.

📊 NATGAS — Piyasa Yorumu

▲ up · 62%

Europe's lowest natural gas inventories in 13 years may heighten supply security concerns during the winter months and create upward pressure on prices. Technical indicators partly support this outlook: RSI at 61.8 is in neutral-to-positive territory and above the MACD signal line. The price is trading slightly above the SMA20 and SMA50, pointing to a short-term recovery trend. However, given the negative 24-hour change and the possibility that the inventory news is largely priced in, there is a risk that the upside remains limited. I expect a moderate upward trend in the short term.

RSI 14

61.8

MACD

0.00

24h Δ

-0.92%

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