1/6
Day three and no gas from Russia.
As the seasonal chart shows 2021 (shaded) this is way below the typical flows seen this time of year.
@DoombergT
Day three and no gas from Russia.
As the seasonal chart shows 2021 (shaded) this is way below the typical flows seen this time of year.
@DoombergT
2/6
Bigger picture gas flows are way down from what was typical over the last decade.
Bigger picture gas flows are way down from what was typical over the last decade.
3/6
Euro storage is 58% full, 10% below the record low on this date.
Euro storage bottoms in late March. The record was 18%. Since they are already about 10% below this, could it dip under 10% this season?
Cold winter = 0% storage?
Remember Russian gas flows are now zero.
Euro storage is 58% full, 10% below the record low on this date.
Euro storage bottoms in late March. The record was 18%. Since they are already about 10% below this, could it dip under 10% this season?
Cold winter = 0% storage?
Remember Russian gas flows are now zero.
4/6
Europe is facing an energy crisis, with Russia curbing supplies and nuclear outages in France straining power grids in the coldest months of the year. And there’s no relief in sight.
bloomberg.com/news/articles/…
Europe is facing an energy crisis, with Russia curbing supplies and nuclear outages in France straining power grids in the coldest months of the year. And there’s no relief in sight.
bloomberg.com/news/articles/…
5/6
But Nat gas prices are slumping on hope ....
European natural gas prices headed for a third day of sharp declines as more tankers are crossing the Atlantic with U.S. fuel to the energy-starved region.
@mercoglianos
bloomberg.com/news/articles/…
But Nat gas prices are slumping on hope ....
European natural gas prices headed for a third day of sharp declines as more tankers are crossing the Atlantic with U.S. fuel to the energy-starved region.
@mercoglianos
bloomberg.com/news/articles/…
6/6
But as Bloomberg notes:
While a flotilla of liquefied natural gas tankers is currently heading to Europe, the region will remain at the mercy of global markets to ensure it continues to get cargoes throughout next year.
Remind anyone of something?
But as Bloomberg notes:
While a flotilla of liquefied natural gas tankers is currently heading to Europe, the region will remain at the mercy of global markets to ensure it continues to get cargoes throughout next year.
Remind anyone of something?
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