Posted on 09/07/2022 1:35:49 PM PDT by SpeedyInTexas
European natural gas inventories rose by +83 BCF over past 7 days.
EU nat gas storage 83% full.
Current inventories at 3167 BCF.
21.1% higher than 1 year ago.
EU goal is at least 80% full by Nov 1st for winter.
Current projection is for EU to reach 92% by Nov 1st.
(Excerpt) Read more at celsiusenergy.net ...
Jon Boy,
Send me link to articles this winter if Europeans are freezing to death.
Cool, Klaus Schwab will be nice and warm this winter, plus he has that Ukrainian mulch for his garden ...
Send me link to articles this winter if Europeans are freezing to death.
Certainly, but it's Americans you should focus on.
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Just how are European countries able to do this with Russia cutting off supply? Where is the supply coming from, and what energy policies are now in effect? Do you have any info or ideas on this?
INCREDIBLE how they keep filling up their reserves, given nothing from Russia and 20% of the US out of commission.
The gas just seems to ‘materialize’ in those tanks (or whatever they claim to use).
20% of Americans couldn’t pay their energy bill in the last year
Traders might look at this data and reduce the price.
That might be why this data is created.
Good website here as well: https://agsi.gie.eu/
With country by country breakdown.
Seems slightly behind Celsius. Celsius has EU at 83%. GIE has at 82%.
UK and Poland at 100%.
Belgium, Denmark, France, Sweden at 90%+
Bulgaria, Hungary, Austria in the 60’s (Yikes)!
Germany has continued to get nat gas piped in from Norway, Netherlands and Belgium. I’ll post chart shortly on those flows. Germany has the largest storage facilities by far in EU.
Germany has been conserving nat gas in several ways. One is switching over to oil. Easier to get oil/diesel than nat gas.
“Across Germany, executives have spent the last few months war gaming how to respond if Russian President Vladimir Putin cuts off gas supplies. And many, from tiny companies to global behemoths, have arrived at the same solution: switch to oil.”
“In Munich, the municipal utility has converted two gas-fired boilers to run on diesel. Further South, in the German Alps, the Berchtesgadener Land farming cooperative has sent two milk-truck drivers to learn how to handle an oil-delivery rig, just in case they need to buy. To the North, the Veltins beer brewery near Dusseldorf has stockpiled five weeks’ worth of diesel to prepare for an emergency shift away from gas. “ (source: https://archive.ph/70VSm)
Germany also using more coal. Also easier to get than nat gas.
“Germany’s energy U-turn: Coal instead of gas”
https://www.dw.com/en/germanys-energy-u-turn-coal-instead-of-gas/a-62709160
My guess is EU/Germany might have light rationing this winter but in big picture, they are successfully pivoting away from RuZZian energy. They won’t go back. They know they were dependent on an enemy state.
‘Analysis: Full gas storage no fix for Europe’s winter energy crunch’
Bookmark
“ My guess is EU/Germany might have light rationing this winter but in big picture, they are successfully pivoting away from RuZZian energy. They won’t go back. They know they were dependent on an enemy state.”
I hope you are right.
‘EU demands ‘mandatory’ energy rationing’
https://www.azerbaycan24.com/en/eu-demands-mandatory-energy-rationing/
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