... However, any unexpected halt or change in agreements could prompt Brent quotes to rise again. Gas Storage Filling: It is critically important for Europe to reach the target of 90% filling of UGS by autumn. Any delays against the schedule or new supply disruptions (such as unscheduled repairs by Norwegian producers) may trigger a surge in gas prices at the end of summer. Conversely, early accumulation of reserves will exert downward pressure on quotes. Weather Factor: Prolonged extreme heat or the occurrence of natural disasters (hurricanes, floods) – particularly in the U.S. and Asia ...

... has increased to an all-time high. European LNG reception terminals are working at high capacity, replacing the lost volumes of pipeline gas. Local Solutions: within Russia, Gazprom is optimizing internal logistics: for example, after brief pauses, gas supplies to the Kaliningrad region via Lithuania have resumed, and a floating LNG terminal has been employed in case of disruptions. Though these technical maneuvers do not directly affect Europe, they highlight adaptation to new restrictions. Thanks to the diversification of sources and stockpiling, Europe is entering the autumn-winter period more prepared than a year ...

... all-time high. LNG reception terminals in European countries are operating at high capacity, allowing them to replace lost pipelines' gas volumes. Local Solutions: In Russia, Gazprom is optimizing domestic logistics: for instance, after brief pauses, gas supplies to the Kaliningrad region have resumed via Lithuania, and in case of disruptions, a floating LNG terminal is employed. Although these technical maneuvers do not directly affect Europe, they emphasize adaptation to the new constraints. Thanks to the diversification of sources and accumulation of reserves, Europe is approaching ...

... economic slowdown might cool fuel demand. Gas Storage Replenishment. Progress in Europe towards achieving the goal of 90% gas storage capacity by the heating season, as well as securing alternative gas supplies (via LNG and other routes) will determine the gas market situation in autumn and winter. Sufficient reserves can help stabilize prices, while setbacks in the schedule or import disruptions may return volatility. OPEC+ Actions and Production. The adherence of OPEC+ countries to their planned oil production increases and decisions at upcoming meetings of the alliance will impact market balance and price dynamics. Moreover, production ...

... significant volumes of LNG from the US, Qatar, and other sources. Norway, remaining the largest supplier of pipeline gas to the EU, also maintains high export levels (over 300 million cubic meters per day at the end of June), although periodic technical disruptions at fields (e.g., maintenance at the "Nihamna" plant) sometimes limit the flow. Russian pipeline gas through the southern route (via Turkey and the Balkans) remains at moderate levels (~50 million cubic meters per day). Asian gas markets are also experiencing the impact of extreme heat. In certain East Asian countries, record temperature peaks this ...