Thread by @jens39630674

1/6 A quick update on gas storage levels in Europe (a follow up to my thread from April 10th.).

Currently Europe is on course to reach 80% storage level before October.
#gasprices

2/6 Reuters reported a few days ago that Ukraine (a major transit route of Russian gas into Europe) is stopping some gas deliveries into Europe.

reuters.com/business/energ…

3/6 Europe has made progress in filling up its gas storages as the weather has been getting warmer and less gas is used for heating. Current EU-27 gas storage level has reached 39.48% as of May 15th compared to 26% as of April 26th. Source: agsi.gie.eu

4/6 For now gas is still flowing into storage at a steady pace. This could be from other sources outside the interrupted Ukraine pipeline but it not easy to tell. The goal remains to fill up storage to 80% by October to get ready for the next winter.

5/6 A closer look at Germany shows that the trend is similar to the average of the last 4 years but from a lower absolute level.

6/6 From April 26th to May 15th Europe has added an additional 14% of storage capacity. At the current pace Europe would need another 14 weeks or just over 3 months to bring storage capacity to 80%. We shall see if the pace continues.

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