EU gas storage at 33.8% — the lowest May reading since 2018

EU gas storage entered May at 33.8% of working capacity. The 5-year seasonal norm for this date is 55%. That’s a 21.2 percentage point deficit — the widest spring exit since 2018. To meet the EU Commission’s 80% by 1 November target, the system needs sustained injections of roughly 2.85 TWh per day