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)