The rate of natural gas injections into German storage facilities hit a four-year high at the start of June, but stock levels remain low. Despite this, market participants canvassed by ICIS predicted sites will be full by the winter.
ICIS looks at why German injections have ramped up recently, and which pricing and fundamental factors might spur high injections over the coming months.
Storage behaviour has come under the spotlight recently as a cold winter meant storage sites across Europe entered the gas summer emptier than usual. Plus, an outage at Britain’s largest storage site has reshaped gas flow through northwest Europe.