Russian gas storage close to max capacity

Russian-gas

Russia’s domestic storages are now 92% full, meaning that only 6 bcm of spare storage capacity is left.

With domestic demand down, and exports at decades low, Gazprom’s
storages should be full by early September, increasing the risk of production shut-ins over Sept-Oct, before the Russian heating season kicks-in…

What is your view? Could full storage impact Gazprom’s short-term strategy?

Is there a way to avoid production shut-ins?

The company’s gas production was already down by close to 40% in July…

Source: Greg Molnar (LinkedIn)

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