Energy crisis: European gas storage levels at record highs - and it suggests good news for supplies Record gas storage levels this year are unlikely to mean prices drop to levels seen before the pandemic and the Ukraine war, but energy security has improved after months ...
They have managed to build up gas storage steadily by curbing demand, switching from gas to coal for some power plants and increasing imports of LNG. European gas storage levels were 70.54% full on Aug. 2, surpassing the 5-year average of 70.32%, according to data from Gas Infrastructure E...
Altogether, the value of gas withdrawals this winter could be just one-third of the value of net injections over the summer 2022, translating into a hefty loss of $75 billion… But is this the true reflection of gas storage value and is this really a loss? High storage levels at the st...
Unseasonably mild weather, high storage levels (45% above 5y average) and strong LNG supply are all putting downward pressure on gas prices. Most importantly, the steep drop in European gas prices happened despite an almost complete dry up of Russian flows… which shows that Russia and Gazprom ...
Since then, natural gas prices have fallen to levels not seen in two years, and the continent looks increasingly well-positioned to make it through next winter as well, given the fast rate at which gas storage volumes are being replenished. Such a marked improvement in fortunes should not ...
Key to the easing of concerns about a supply crunch was a mix of mild weather, an increase in liquefied natural gas shipments from the US and the continued supply of enough Russian piped gas to allow EU countries to replenish storage levels ahead of winter. 展开 年份: 2023 ...
Europe’s natural gas prices demonstrated fluctuating trends, influenced by high storage levels post-winter and the redistribution of global LNG cargoes. Despite substantial reserves, Europe’s dependence on international LNG, especially from the U.S., keeps the market responsive to worldwide ener...
20 While Europe is coming out of winter with high levels of gas storage, there is still a significant gap to fill over the coming six months.21Power-sector demand reduction could be a key driver of Europe’s gas demand reduction in the near term, but the sector is also highly dependent...
Two years have passed since Russia invaded Ukraine, but European gas prices are at levels not seen since early 2021 as the market remains well supplied.
More than a third of the EU’s gas supplies come from Russia, but this year inflows have fallen. Gazprom has declined to sell additional volumes to Europe beyond those covered by long-term contracts, while letting its own storage facilities in the continent drop to unusually low levels. ...