Gazprom begins implementing plan for gas injection into 5 European storages

Energy Trade

maradon 333/Shutterstock.com

Russia's state-controlled Gazprom said Tuesday it had started to implement a plan for gas injection this month into five of its European storage facilities, according to a report by S&P Global Platts.

In a brief statement, Gazprom also said it had decided on how much gas to put into its storage sites this month and how the gas would reach the facilities.

"Gazprom approved and began implementing the plan for gas injection into five European underground gas storage facilities for November," it said. "The volumes and routes of gas transportation have been determined."

European gas prices have remained high through October and November, in part due to lower-than-expected imports from Russia and low levels of EU storage, especially in Gazprom-owned sites such as Rehden in Germany and Haidach in Austria.

ADVERTISEMENT

PMI rises to 57 in June Analysis

PMI rises to 57 in June

Lawmakers postpone expanded data provision for tourism secto... Parliament

Lawmakers postpone expanded data provision for tourism secto...

New country manager at Microsoft Hungary Appointments

New country manager at Microsoft Hungary

Budapest City Council to take out HUF 32 bln development loa... City

Budapest City Council to take out HUF 32 bln development loa...

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.