Current European Natural Gas Storage Data (03-AUG-2022)

Celsius Energy ^ | 03-AUG-2022 | Celsius Energy

[SpeedyInTexas]

European natural gas inventories rose by +102 BCF over past 7 days.

EU nat gas storage 71% full.

Current inventories at 2691 BCF.

23.2% higher than 1 year ago.

EU goal is at least 80% full by Nov 1st for winter.

[SpeedyInTexas]

Week thru 03-AUG-2022, inventories at 2691 BCF, 71% full.
Week thru 27-JUL-2022, inventories at 2589 BCF, 68% full.
Week thru 20-JUL-2022, inventories at 2493 BCF, 65% full.
Week thru 13-JUL-2022, inventories at 2396 BCF, 63% full.
Week thru 06-JUL-2022, inventories at 2312 BCF, 61% full.
Week thru 29-JUN-2022, inventories at 2215 BCF, 58% full.
Week thru 22-JUN-2022, inventories at 2100 BCF, 56% full.
Week thru 15-JUN-2022, inventories at 2004 BCF, 53% full.

[SpeedyInTexas]

EU continues to add to storage build at a pretty good rate. 80% threshold looks likely, 90% even???

[SpeedyInTexas]

Germany continues to lag behind EU. 69% vs 71%.

[Sacajaweau]

It could flat line at any time...AND...depends on what winter brings...we’re due for a super cold...

[SpeedyInTexas]

I would expect storage build to continue as the summer heat ends and milder fall weather sets in.

A cold winter could be tough for EU, then again, a mild winter could be a boon for EU.

[BeauBo]

It appears well managed, and that they are prudently prioritizing storage over consumption.

They are on track with storage, even though they have to pay through the nose for spot priced cargoes, and make some somewhat painful sacrifices.

The will seems strong in the West.

Putin has screwed Russia hard, with the loss of that vital market.

[SpeedyInTexas]

I’m impressed with EU nat gas storage.

They are trying to conserve energy now for winter.

RuZZia will likely Never recoup nat gas sales to other countries to make up for loss of EU. Little Pukin is a master strategist.