1/5
An update on the biggest story no one is talking about (at least in the US)
Through Dec 19, only 59% of European natural gas storages are filled. The labels show the % of storage filled at similar points in past years is closer to 77% on average.
59% is a 10-year low.
2/5
As the chart below shows, the flow of gas from Russia to Europe is down considerably.
3/5
In the last several days flows have essentially hit zero.
4/5
With winter and cold weather coming, the price of natural gas is up more than 10x in the last year.
5/5
And since natural gas is used in power generation, electricity prices are also soaring. Up 8x in a year, doubled in a few weeks.
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