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Europe’s Russia Gas Flows Jump to Month High as Buyers Hoard

European utilities boosted imports of natural gas from Russia to the most in almost a month, even as storage remains at record-high levels amid the mildest winter since 2007.

Russia shipped 505 million cubic meters of gas to Europe, excluding the Baltic States, on March 4, the highest level since Feb. 7, Energy Ministry data show. Storage sites in the region are 48 percent full, 13 percentage points above the same time last year and the highest since at least 2008, according to Gas Infrastructure Europe, the Brussels-based lobby group.