Free Republic

Those taking the German government to task over the ongoing gas crisis have been branded the “new enemies of the state” by one government minister in the country. An ostensibly “centrist” minister in Germany has branded those looking to hold officials accountable for their chronic mismanagement of the country as the “new enemies of the state”. The minister — who is a member of former chancellor Angela Merkel’s Christian Democratic Union (CDU) party — made the claim as authorities in the country begin to fear significant backlash for gas shortages in the winter, with one official saying that he is...

In June 2022, the countries of the European Union for the first time in history imported more liquefied natural gas (LNG) from the United States than pipeline gas from Russia, according to Executive Director of IEA Fatih Birol, Trend reports citing TASS. "Russia's recent steep cuts in natural gas flows to the EU mean this is the 1st month in history in which the EU has imported more gas via LNG from the US than via pipeline from Russia. The drop in Russian supply calls for efforts to reduce EU demand to prepare for a tough winter," he wrote on...

European natural gas inventories rose by +115 BCF over past 7 days. EU nat gas storage 58% full. Current inventories at 2215 BCF. 24.3% higher than 1 year ago. EU goal is at least 80% full by Nov 1st for winter.

Moscow previously issued a new decree requiring "unfriendly states" to pay for Russian gas in rubles. Kremlin includes all countries that have imposed sanctions on Russia "unfriendly". European companies will be able to pay for the Russian gas while meeting Moscow's demands to do so in rubles without violating EU sanctions at the same time. The scheme proposed by the European Commission suggests that companies will wire their payments in euros or dollars to a bank account in Russia, where the currency will be converted into rubles. Brussels' memo said that the European firms' obligations will be complete once the...