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  4. Russia's gas storage is 90% full for the winter - while Europe is still scrambling to secure its supply before the cold weather bites

Russia's gas storage is 90% full for the winter - while Europe is still scrambling to secure its supply before the cold weather bites

Zahra Tayeb   

Russia's gas storage is 90% full for the winter - while Europe is still scrambling to secure its supply before the cold weather bites
  • Russian gas storage is 91.4% full, according to state-energy giant Gazprom.
  • Russian domestic supply is a stark contrast to the shortfall of energy supplies in Europe.

Russia's Gazprom said domestic gas storage is nearly full, a stark contrast to the rest of Europe as countries scramble to stock up on energy before winter hits.

$4 that the state-run energy producer said that Russian storage is 91.4% full as of August 24.

Meanwhile, European Union nations are facing a crisis as energy supplies remain hampered as a result of Russia's war in Ukraine.

As per data from $4, Europe's gas storage sites are at 67% of their maximum capacity, up from last year but not on target to ensure enough supply if Russia completely shuts off energy imports.

In Germany, gas storage capacity is 67% full while in Italy and France, it is 71% and 76% full, respectively, per $4.

Western sanctions imposed by the UK, EU, and the US on Russia triggered a host of cuts to energy flows from the energy-rich country in retaliation, leaving European governments fearful about whether they'll have enough storage for the colder months.

In Russia's latest move threatening European supply, it plans to halt gas flows via the key Nord Stream 1 pipeline for $4 to carry out unplanned maintenance. Before that, it had already slashed gas supplies through the key pipeline to$4 capacity.

In response, several European countries have been forced to draw up emergency plans, including organized blackouts, rationing and even turning to carbon-intensive fossil fuels like coal to generate electricity.

Germany, which has been caught in the heart of a crippling energy crisis, recently $4 as it runs short of gas supplies, while France $4 to allow nuclear power stations to continue operating.

Other nations however, like the Netherlands haven't been able to find an alternative source of gas to replace Russian imports contracted via Gazprom.

According to Reuters, the Dutch city of Hague in the Netherlands said it would request for a temporary exemption of EU sanctions against Russia, which includes a $4.



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