The Russian President yesterday ordered Gazprom to pump more gas to Europe, via Germany and Austria, to help fill the European gas storages. That will be done in November after the national gas storages of Russia are filled.
The level of gas reserves in European underground gas storage is much lower than the average figure for the last five years, President Vladimir Putin said. “Prices of the so-called spot — short-term — contracts are still above $1,000 per 1,000 cubic meters. The level of gas reserves in European underground storage is much lower than the average figure for the last five years.”
