Europe enters winter with gas stocks 15 pts below 5-yr avg, prices double June

European gas storage stands at 73% capacity, 15 percentage points below the five-year average, while TTF prices at €80.4/MWh are double June levels. The shortfall raises supply-security risk for the heating season, though the source is a single business outlet and storage figures may be preliminary. This matters because it signals potential price spikes and industrial strain if winter is colder than normal.