Daily liquefied natural gas imports into Europe have dropped to their lowest level in nearly two years, marking a significant contraction in supply flows during late July 2026.
The decline comes despite a continent-wide heatwave that typically drives up power demand and gas consumption for cooling and electricity generation.
Underground gas storage facilities across Europe are currently filled to 55.66%, according to data cited by TASS.
This fill rate suggests that while the immediate need for aggressive replenishment may be easing, the region is maintaining a cautious posture heading into the autumn season.
The combination of low import volumes and moderate storage levels indicates a potential rebalancing in the European gas market, possibly driven by reduced industrial demand or increased reliance on domestic production and pipeline flows.
The drop in LNG imports contrasts with earlier periods where high prices and supply security concerns drove record inflows.