Europe faces tough winter due to low gas reserves EU gas storage facilities are about 75% full instead of the target of 90%. The European Commission is already holding emergency meetings with the member states, but so far nothing can be done. Gas prices have more than doubled since the beginning of the year and remain at 70-80 euros per MWh. Even a slight frostbite can cause a sharp jump. The situation is getting worse as a result of competition with Asia for LNG and possible supply disruptions. In case of a sharp increase in demand, there may be no place to get fuel.