Europe & Russia: Storage

February 2017

Europe’s stock levels are low, making the region vulnerable to market tightness in late winter, and increasing the need for gas for storage builds over the summer. 

The UK’s Rough gas storage facility is approximately 19% full compared with 51% at the same time last year. Rough started the winter with low levels of gas in stock, and cold weather resulted in strong drawdowns, leaving levels of gas in storage low for the time of year. This has hit the UK’s overall gas stocks, which were around 30% full in mid-February compared with 52% at the same time last year. Although security of supply is unlikely to be an issue during the rest of the winter, the need to rebuild stocks over the summer will be strong.

Log in or register for a free trial to continue reading this article

Already a subscriber?

If you already have a subscription, sign in to continue reading this article.

Sign in

Not a subscriber?

To access our premium content, you or your organisation must have a paid subscription. Sign up for free trial access to demo this service. Alternatively, please call +44 (0)20 3004 6203 and one of our representatives would be happy to walk you through the service.

Sign up