Gazprom PJSC needs to store nearly as much natural gas at home to keep Russians warm this winter as it currently ships to its top customer Western Europe every day, Bloomberg calculations show. The Russian gas giant has just two months to build its depleted inventories to the record levels it’s targeting, a goal the Energy Minister Nikolay Shulginov expects Gazprom to meet. That will require pumping into underground storages sites in Russia supplies equal to about 80% of daily exports to Western Europe. The calculations, based on Gazprom’s data, send a worrying signal to Europe. The continent is running out of time to boost its own buffer stockpiles ahead of the heating season, with countries from the U.K. to Spain and Germany already contending with energy inflation due to soaring gas and electricity prices. Gazprom’s average daily supplies in the first half of 2021 (mcm/d) “To reach that […]