Achieving the 90% European gas storage target requires large LNG imports

Meeting both summer 2025 consumption needs and refilling storages to 90% will only be feasible if pipeline supplies operate at a high-level range and LNG imports increase around 20% above 2024 levels. Forward prices in early April 2025 indicate that those LNG imports will arrive at some higher costs than in preceding years, due to a tighter global LNG market. […]