CommoditiesMedium•3 October 2026•
1 min read
UBS Warns of Low EU Gas Storage Amid Sharp Drop in Qatari Exports
Key Facts
1UBS warned that EU gas storage stands at 71.50%, well below the 15-year average of approximately 88%.
2Qatar's LNG exports dropped sharply in September to just 4 cargoes, compared to a typical average of around 30.
3The Asian JKM benchmark is trading at a premium of over $1.50 to Europe's TTF, potentially diverting spot supplies.
UBS warned that EU gas storage stands at 71.50%, well below the 15-year average of approximately 88%. According to a report cited by ZeroHedge, Qatar's LNG exports dropped sharply in September to just 4 cargoes, compared to a typical average of around 30, leaving the continent with a thinner buffer ahead of the seasonal drawdown period.
The Asian JKM benchmark is trading at a premium of over $1.50 to Europe's TTF, potentially diverting spot supplies to Asian markets. In related financial equity performance, GS closed at $902.56 on October 2, 2026, while peer institutions JPM and MS closed at $332.38 and $190.31 respectively on the same date.