Europe & Russia Storage

Storage builds are continuing across Europe, but the pace of restocks has slowed putting security of supply ahead of next winter at risk.

European storage levels rose by 46% in May, bringing the region’s stored volumes up to around 405 TWh by the end of the month with facilities roughly 38% full. By contrast, stocks rose by 31% in May 2017. However, the pace of rebuilds has slowed in June. While regional stock levels rose by around 20% during the first half of May, they increased...