European gas sites at less than 10% of required storage
Updated: Nov 13
Some European Gas Storage Sites Are At Less Than 10% Of Required Storage Volumes - Driving Price And Volatility
Overall, European gas storage levels are in aggregate 10-12% lower than seasonal norm, but underneath the aggregate level we see specific sites having materially reduced storage levels.
In this extract of our monthly Market Insights report, we see the Rehden site in Germany being only 10% full, a 35TWh shortfall against the average seasonal norm.
We see the shortfall in storage as being a key driver impacting price and volatility