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...

European natural gas inventories rose by +105 BCF over past 7 days. EU nat gas storage 76% full. Current inventories at 2898 BCF. 23.4% higher than 1 year ago. EU goal is at least 80% full by Nov 1st for winter.

Now there's a growing sense that Europe might not only meet its gas targets but also exceed them... Injections to Europe’s gas storage are running about nine weeks ahead of last year... European gas storage levels are above 70%, and have even surpassed the 5-year average. By November 1st, the EU will likely hit 80% natural gas storage capacity (its goal) – in time for peak winter demand. Germany is even aiming for 95% capacity, and is already at 75%... Indeed, analysts at Standard Chartered Plc are saying that President Vladimir Putin’s gas weapon will be effectively blunted by the...