EU countries have injected over 19 billion cubic meters of gas into storage since April, but facilities remain at 45.56% capacity, significantly below the five-year average and last year's levels. Injections in June are down 16% year-on-year, raising concerns about meeting the 90% target for the upcoming winter amid competition with Asia for LNG and higher fuel prices.
European gas storage facilities are 45.03% full, the lowest for this date in five years, holding 49.2 bln cubic meters. Injections are down 16% year-on-year, and competition with Asia for LNG amid Middle East conflict escalation is driving higher fuel prices.
EU gas storage facilities are 44.72% full, with net injections of 18+ bcm since April. This lags behind the five-year average and last year's levels, driven by higher fuel prices and competition with Asia for LNG.
EU countries have injected over 17 billion cubic meters of gas into storage since April, but facilities remain below average levels. Current storage is at 44.34% capacity, significantly lower than last year and the five-year average, raising concerns for the upcoming winter season.
Donald Trump threatened to seize Iran's oil and gas infrastructure, including Kharg Island, and launch further strikes. The US and Iran exchanged fire for a second day, despite a nominal ceasefire, with both sides accusing the other of violations. Talks on a preliminary deal are ongoing.
South Korea's Ministry of Oceans and Fisheries announced a plan to innovate the entire dried laver (gim) supply chain by 2028, aiming to stabilize prices and boost exports. The plan includes expanding cultivation areas, introducing contract farming, and establishing AI-based quality grading and an international trading platform.
Ukraine launched drone strikes on the outskirts of St. Petersburg, hitting an oil terminal and naval base in Kronstadt, hours before Russia's economic forum. Moscow vowed a "systemic" response, while Kyiv stated its long-range sanctions plan is being implemented.
Ukrainian drones targeted energy and military sites in St Petersburg, Russia, including an oil terminal and naval base, hours before the city's economic forum. The strikes, described by Ukraine as "long-range sanctions," occurred despite Russian air defense efforts and caused significant disruption, including the temporary closure of the city's airport.
Gas injection into European underground storage facilities (UGS) dropped 13% year-on-year in May, reaching a two-year low. Reserves stood at 40.5%, the lowest in five years, amid increased competition with Asia for LNG and the Middle East conflict.
The Israeli military announced it struck over 70 Hezbollah infrastructure sites in Lebanon throughout the day, using approximately 85 munitions. The targets included command centers and weapons storage facilities, particularly in the Tyre area, in response to Hezbollah's drone attacks.
Residents and local council in Victoria's Gippsland region are opposing proposals for large battery energy storage systems (BESS) on prime agricultural land. Concerns include fire risk, environmental impact, and loss of farmland, despite the need for such systems in the energy transition.
EU gas injection into storage facilities is at a historic low for the second half of May, with current levels at 36.99%. This pace may prevent Europe from meeting its 90% storage target for the upcoming winter season.
Ukrainian drones struck the Syzran oil refinery in Russia, over 800km inside the country, causing a fire and killing two people. President Zelenskyy stated this is part of a broader plan targeting Russian oil revenues amid escalating attacks.
Gazprom reports EU gas storage filling at record lows for three days, citing US-Israeli attack on Iran, disrupted Strait of Hormuz, and cold weather. EU imports of Russian LNG surged 16% in Q1.
Europe’s gas storage facilities are currently 34.51% full, compared with 41.8% a year earlier, containing around 37.8 bln cubic meters of gas
Currently, European underground gas storage facilities are 33.79% full
Iraq previously slashed oil production due to overflowing storage facilities and problems with exports through the Strait of Hormuz caused by the conflict surrounding Iran
Iraq had previously cut oil production due to overflowing storage facilities and export issues through the Strait of Hormuz caused by the Iranian conflict
Ahead of May 4 vote counting in West Bengal, TMC and BJP have flagged multiple security concerns at EVM strongrooms. At Barasat Govt College, CCTV monitors went blank for 17 minutes, prompting TMC protests. BJP reported incidents in Salt Lake and Burdwan, alleging unauthorized strongroom access. The Election Commission has launched investigations into all complaints.
Robert Garbett, head of Drone Major Group, warns that European nations lack adequate defenses against drone threats to critical infrastructure, urging governments to shift responsibility from private operators to national-level security systems.
