Gas price in Europe gain 11% in 1H 2026 to $515 per 1,000 cubic meters

EU gas storage forecast to end season 76% full, risking price hikes heading into winter

EU gas storage forecast at 76% by September 2026, missing the 90% target by 14 points—winter price-spike risk. LNG supply constraints (Hormuz, Qatar/Russia offline) extend elevated energy costs for European data center operations and capex budgets.