European natural gas storage injections edged slightly higher over the weekend to bring storage up to 94.41% full on a 16 Sep according to GIE data after seeing almost no overall storage builds late last week. Total stores have dipped back into the previous five year range and below the level from 2019 at this time of year.

• Injection rates dropped last week amid reduced pipeline supplies into Europe due to the delayed return of Norwegian supplies from maintenance. The net injection rate fell as low as 22GWh/d on 12 Sep.
• Net injections averaged about 488GWh/d in the week to 16 Sep compared to the five year average for the period of just over 2,540GWh/d.
• Latvia and Belgium are just below the EU pre winter target of 90% full after all other AGSI reporting countries already surpassed the level.
• Ukraine storage is up to 34.6 full with foreign companies storing natural gas in the country this summer as EU stores near capacity.

Source: GIE / Bloomberg