Liquified natural has (LNG) is a key part of the overall energy mix for the UK and Europe. Research from the firm shows European inventory is "only just above 50 per cent, an historically low level" for this period of the year. However, Mr Di Odoardo said the situation was not "2022 all over again" - with European gas prices "nowhere near" as high as when Russia invaded Ukraine. Natural gas accounts for around a third of the UK's overall energy mix, with less than half of that being domestically sourced gas. And that could impact the UK too as gas prices are strongly linked," said Jess Ralston, head of energy at the Energy and Climate Intelligence Unit.