Europe & Russia: Storage
Europe has started to rebuild its gas stocks, and while major markets have high stocks for the end of winter, storage levels in key Central and Eastern European countries are lower than last year.
During the first half of April, stock levels for the EU28 rose by roughly 1 billion cubic metres (bcm). This is in contrast to 430 million cubic metres (MMcm) of net withdrawals seen during the same period last year. The net injection season started earlier this year and Europe currently has around 33 bcm of gas in store, with facilities roughly 35% full. As the northern hemisphere spring gets underway, demand for storage gas is easing, and strong levels of imports are continuing to help supply the markets.
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