Energy stockpiling in overdrive soothes worries of winter shortfall

Europe's natural gas storage sites are about 92% full, above the the five-year average of 87.6%. Germany has hit 95%, a level it aimed to reach by Nov. 1

Efforts to stockpile fuel mean Europe and Asia are approaching winter with healthy inventories as governments seek to counter shrinking supplies from Russia.
 

Europe’s natural gas storage sites are about 92 per cent full, above the the five-year average of 87.6 per cent. Germany has hit 95 per cent, a level it aimed to reach by Nov. 1. The picture’s similar in Asia. In Japan, stockpiles of liquefied natural gas held by the country’s power generators are also higher than average.

The rising reserves are boosting optimism that Europe can avoid shortages or rationing, with natural gas prices falling to the