Nord Stream I stopped yesterday for 10 days of maintenance.
What happened on the first day it was shutdown? EU stored 0.9 BCF into storage.
At a weekly rate that would be 6.3 BCF. That would reach 65% by Nov 1st. Well below 80% goal.
Within EU, Germany and Netherlands pulled from storage yesterday while rest of EU added to storage.
EU facing heat wave right now. Cooler temps in early fall can allow for more storage build. If Nord Stream I doesn’t come back online, it will be hard for EU to reach 80%.
They need to pick up the LNG pace, get more nat gas from Algeria and Norway.
Also, RuZZia further decreased flows to Italy yesterday.
LNG is 5 times as expensive as pipeline gas. LOL.