Europe gas storage 70% full, surpassing 5-year average Filling EU tanks to targets costs 50-55 bln euros-analysts Europe raised LNG imports to compensate for reduced Russia flows Despite building up gas storage, uncertainties remain LONDON, Aug 4 (Reuters) – European countries are on track to reach a gas storage filling target by the start of this winter, but the cost of replenishing stocks will be over 50 billion euros ($51 billion), 10 times more than the historical average of filling up tanks for winter. European governments had been concerned that Russia’s cut in supplies through its main gas pipeline to Germany would leave countries unable to meet goals to refill storage for winter. They have managed to build up gas storage steadily by […]

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