I believe that storage is 82% full already, and that they have been injecting about 1/2 of a percent of capacity per day, despite the slowdown of Nordstream.
“Russian gas now accounts for less than 10% of Germany’s consumption.”
Wow!
Super job!
Well ahead of schedule.
how many months supply is 100%?
As German energy prices continue to surge.
As German food prices continue to surge.
As Germany moves closer and closer to rationing.
As Germany is arguably in recession.
If one is not in Hell, one is certainly knocking on its door.
Karma is real as is reaping what thou hast sown.
Winter is coming.
Hopefully there will be enough firewood to go around.
If the numbers I’ve heard are correct, storage at capacity will only account for about 12% of typical German consumption over the winter. Frankly that number seems high to me, but then again I’ve never lived in a country which has to import gas.
Keep in mind you can always burn the furniture to keep warm.
As a matter of reality and not rhetoric -
Annual cyclical commodity energy trend line market prices have been right in line with normal trends.
Even while price is higher. However, way off the annual highs for sure.
Energy in general is still high, but way off the typical May/June high’s, so some relief for sure.
Now, right in line, expecting some bounce into late late SEP/mid NOV before another significant drop.
Those are average annuals as well, so not specific to a uear/month/week/day/hour/min trading of course.
But you are also correct, Germany was one the most exposed industrial power of Eutope, and they are on track to absorb the Russian hit. 🇺🇸
Just wait. It will be a very mild winter and Germany and Europe will do just fine. Then March first, Putin will croak.
As a matter of reality and not rhetoric -
Annual cyclical commodity energy trend line market prices have been right in line with normal trends.
Even while price is higher. However, way off the annual highs for sure.
Energy in general is still high, but way off the typical May/June high’s, so some relief for sure.
Now, right in line, expecting some bounce into late late SEP/mid NOV before another significant drop.
Those are average annuals as well, so not specific to a year/month/week/day/hour/min trading of course.
But you are also correct, Germany was the most exposed industrial power of Eutope, and they are on track to absorb the Russian hit.
If Gods chosen, “The apple of my [God’s] eye” comes online, (and they could quicker than most know), they could technically provide 25-35% of all European energy from their Leviathon and Tamar fields for hundreds of years, and that is without the UAE/SA/Israeli pipeline.
Expect Russia/Putin and his Iranian/Houthi proxies to intensify attacks on SA/UAE/Israel, or possibly whoever succeeds Putin, in order to try and block, to attack, and to take Israel’s East Mediterranean and Jezreel Valley energy goliaths, and to try and block UAE/SA/Israel pipelines and even soon planned mass agriculture production and desalinization projects. SA is going all in like Israel, and with Israel on their NW Red Sea Coast. 🇺🇸
What are you paying for electricity Berlin_Freeper? Does it feel like winning?
If Russia cuts off the gas in October there will not be enough in storage to do diddly squat and Germany’s economy will crater.
“European natural gas prices plunged the most since March after Germany said its gas stores are filling up faster than planned. “
That’s the problem of attacking your customers... You might cause one season of pain, but then, the pain is all Russias as their industry and main source of income will be avoided like the plague.