Record low European storage levels will increase need for Russian gas – Gazprom

Gazprom is expecting Europe’s demand for Russian gas to increase during the summer because the region will need to replenish its stocks, which the Russian major said have reached record low levels.
By Staff reporter 15 May 2018 0 30855

Gazprom is expecting Europe’s demand for Russian gas to increase during the summer because the region will need to replenish its stocks, which the Russian major said have reached record low levels.

“We expect demand for Russian gas will continue to grow,” Elena Burmistrova, director general of Gazprom Export, told delegates at the Flame conference in the Netherlands on Tuesday.

According to Gazprom data, Europe’s gas reserves had dropped to 20.5 billion cubic metres by the end of Q1 2018, Burmistrova...

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