shortdaYOLO
shortdaYOLO OP t1_itqi4ls wrote
Reply to comment by coffeeismydoc in [OC] European Gas Storage in %fill vs. %Storage of Average Annual Consumption by shortdaYOLO
It is hard to put the energy supply of Europe into a few graphs. The IEA has good resources on the subject. Main point here is: storage matters little. Demand reduction and LNG supplies really tip the balance. https://iea.blob.core.windows.net/assets/318af78e-37c8-425a-b09e-ff89816ffeca/GasMarketReportQ42022-CCBY4.0.pdf
shortdaYOLO OP t1_itprcb2 wrote
Reply to [OC] European Gas Storage in %fill vs. %Storage of Average Annual Consumption by shortdaYOLO
Data Source: https://agsi.gie.eu/
Tools: Google Sheets/Slides and a few minutes of headscratching.
shortdaYOLO OP t1_itrtqkh wrote
Reply to comment by JoHeWe in [OC] European Gas Storage in %fill vs. %Storage of Average Annual Consumption by shortdaYOLO
1/3 to 1/5 is consumed during summer months, depending on region and industry. It definitely is not a 50/50 split. Europe will get through this winter just fine, regardless of temperatures. But Middle Eastern countries that are not traditional producers, e.g. Pakistan, will struggle a lot to compete in the global market. Gas spot will remain volatile and Futures will struggle to stay stable.
Edit: the current dump in EU spot and obvious implications for future pricing in LNG shipping to the EU, bafflingly currently still evades public discussion.