Europe & Russia Storage

The fast pace of gas storage rebuilds is pushing up Europe’s stock levels, but volumes are still down year on year.

Europe’s gas stocks were down by around 7% on an annual basis by mid-May even though reinjections had increased stored volumes by 28% since the start of the month, according to data from Gas Infrastructure Europe. This is faster than the pace of storage builds during 2017, when stock levels rose by just 16% over the first half of May. Europe’s stored volumes were left...