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Markets & Forecasts

European storage levels near 90% full

The high stocks reflect a warm winter and a relatively high influx of LNG – but the expiry of the Russia-Ukraine transit agreement this winter is also a concern The high stocks reflect a warm winter and a relatively high influx of LNG – but the expiry of the Russia-Ukraine transit agreement this winter is also a concern.
By Andreas Walstad 12 August 2019 Europe & Russia / Pipelines, Storage & Power 0 34475
Gas storage levels

Gas storage sites across the EU28 are around 86% full compared with 65% at this time last year, according to data from Gas Infrastructure Europe’s transparency platform.

A mild 2018/2019 winter and an influx of LNG entering Europe as a result of the narrowing Asia-Europe price differentials have weighed on European gas prices in recent months.

A relatively high price differential between TTF summer and winter prices means it is profitable for...