European gas storage reaches 88%, LNG supplies at record low amid Ukraine gas transit concerns.

European gas storage facilities reached 88% capacity, below 2023's 89.5% record. LNG supplies to Europe's gas transmission system hit their lowest since Nov 2021, with LNG regasification capacities at 35% of max. Due to gas transit concerns through Ukraine amidst the Kursk region's military actions, gas prices on the European exchange are around $440 per 1,000 cubic meters.