Infographic: Does Europe have enough gas for winter?
2 years, 2 months ago

Infographic: Does Europe have enough gas for winter?

Al Jazeera  

With weeks until temperatures drop, European Union gas storage is almost 90 percent full, a level 15 percent higher than last year. Gas storage in Europe The EU is storing 15 percent more gas now than at the same time last year. Countries that do not have storage facilities will need to store 15 percent of their annual domestic gas consumption in stocks located in other member states, according to a European Council regulation. A 9 percent drop in EU gas demand from the average level of the past five years would be necessary to maintain gas storage levels above 25 percent if there are lower LNG flows.

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History of this topic

German energy boss warns: Don’t let guard down on gas supply
1 year, 10 months ago

German energy boss warns: Don’t let guard down on gas supply

Associated Press  

BONN, Germany — The temperature outside Klaus Mueller’s office almost resembles spring, exactly the kind of mild weather that helped Germany get through the winter without Russian natural gas. Mueller would only concede that he’s “optimistic” this winter will end without a further gas crunch, especially after Germany cut gas use by 14% in 2022 through lowering thermostats, switching to …

EU foresees economy improving, but inflation still painful
1 year, 10 months ago

EU foresees economy improving, but inflation still painful

Associated Press  

FRANKFURT, Germany — The European Union’s executive branch has raised its economic growth forecast for the year, saying Europe will narrowly avoid a recession and has already passed its inflation peak as natural gas prices fall from astronomical highs. Prices for natural gas — used to heat homes, fuel industry and generate electricity — reached record levels last summer, rising …

EU hails high gas storage levels despite Russian cuts
1 year, 11 months ago

EU hails high gas storage levels despite Russian cuts

Associated Press  

BRUSSELS — Natural gas storage levels in the European Union stand at nearly 84% and were higher in December than the average amount in reserve 4-6 years ago, the EU’s executive branch said Wednesday, despite Russian attempts to choke off supplies amid its war on Ukraine. Fearing winter shortages, the 27 EU countries began stocking up on gas last year. …

Europe urged to save natural gas to avoid shortage next year
2 years, 1 month ago

Europe urged to save natural gas to avoid shortage next year

Associated Press  

FRANKFURT, Germany — Europe could face a severe natural gas shortage next year and needs to act now to reduce use, the International Energy Agency said in a report Thursday, warning against complacency in an energy crisis triggered by Russia’s war in Ukraine after countries were able to build up storage of the fuel to heat homes and generate electricity …

How bad could Europe’s energy crisis get this winter?
2 years, 2 months ago

How bad could Europe’s energy crisis get this winter?

Al Jazeera  

Gas prices have reached record highs in Europe, and supplies are running low, stoking fears for the coming winter. “Europe doesn’t have any supply of natural resources,” Adam Pankratz, a professor at the University of British Columbia’s Sauder School of Business, told Al Jazeera. However, the stability of the continent depends on having a relatively “normal” winter because if temperatures …

Experts: Europe faces ‘unprecedented risk’ of a gas shortage
2 years, 2 months ago

Experts: Europe faces ‘unprecedented risk’ of a gas shortage

Associated Press  

Europe faces “unprecedented risks” to its natural gas supplies this winter after Russia cut off most pipeline shipments, the International Energy Agency said Monday, warning that European nations could wind up competing with Asia for already scarce and expensive liquid gas that comes by ship. The Paris-based IEA said in its quarterly gas report that the European Union’s 27 countries …

Netherlands secures enough gas for the winter, meeting EU’s target
2 years, 3 months ago

Netherlands secures enough gas for the winter, meeting EU’s target

NL Times  

The gas storage facilities in the Netherlands are now 80 percent full on average, meeting the EU targets for the coming winter. “It is good news that, despite the difficult circumstances, we have managed to fill the gas storage to over 80 percent almost two months before the European deadline,” Jetten said. “That is all the more important now that …

German gas storage 80% full, progresses despite Russian cuts
2 years, 4 months ago

German gas storage 80% full, progresses despite Russian cuts

Associated Press  

BERLIN — Germany’s natural gas storage facilities are now more than 80% full, showing steady progress despite a drastic reduction in deliveries from Russia amid the war in Ukraine. The head of Germany’s network regulator, Klaus Mueller, tweeted that storage is “being filled steadily” but cautioned that a planned three-day halt to deliveries through the Nord Stream 1 pipeline from …

Gas starts flowing from Russia to Europe again after break, but shutoff fears remain
2 years, 5 months ago

Gas starts flowing from Russia to Europe again after break, but shutoff fears remain

LA Times  

Gas has started flowing again to Europe from Russia after a maintenance shutdown, despite fears that Moscow would cut off supplies. But the gas deliveries that were arriving still weren’t enough to resolve Europe’s energy crisis, and officials suspect that Russia is likely to disrupt supplies further. “We must save more to get through the next two winters well.” Russia’s …

The doomsday scenario of a winter without Russian gas
2 years, 5 months ago

The doomsday scenario of a winter without Russian gas

The Telegraph  

Stretching for 760 miles through the Baltic Sea between western Russia and north-east Germany, the Nord Stream 1 pipeline has supplied gas to Europe for more than a decade. “Whether or not Russia will resume gas exports to Germany after the maintenance period of Nord Stream is going to be defining for the continent’s energy, economic and political future.” How …

Germany faces gas supply 'crisis'; warns storage targets for winter at risk
2 years, 6 months ago

Germany faces gas supply 'crisis'; warns storage targets for winter at risk

Firstpost  

The government said the decision to raise the level to ‘alarm’ follows the cuts to Russian deliveries made since 14 June and the continued high market price for gas Berlin: Germany activated the second phase of its three-stage emergency plan for natural gas supplies Thursday, saying the country faces a “crisis” and warning that storage targets for the winter are …

Gas consumption in the Netherlands plummeted in the first half of 2022
2 years, 6 months ago

Gas consumption in the Netherlands plummeted in the first half of 2022

NL Times  

Gas consumption in the Netherlands has fallen sharply. In the first five months of this year, 25 to 33 percent less gas was used than in previous years, according to figures from Gasunie Transport Services. For example, more liquid gas is imported from other countries and the gas storage facilities are well stocked, and will serve as reserves for the …

Europe’s push to cut Russian gas faces a race against winter
2 years, 7 months ago

Europe’s push to cut Russian gas faces a race against winter

Associated Press  

While Europeans bask in the warmth of spring, governments are in a race against winter. “There’s no additional supply,” said James Huckstepp, manager for Europe, Middle East and Africa gas analytics at S&P Global Commodity Insights. But there’s a long way to go — Russia sent 155 billion cubic meters of natural gas to Europe annually before the war. Huckstepp …

EU moves toward joint natural gas purchase to curb shortages
2 years, 9 months ago

EU moves toward joint natural gas purchase to curb shortages

Associated Press  

BRUSSELS — The European Union is moving toward the joint purchase of natural gas and ensuring its storage facilities are nearly full to try to avoid another crisis tied to its dependency on Russian energy, officials said Tuesday. Low levels of gas storage “brought us to big difficulties in January where we have been kind of scrambling for additional gas …

EXPLAINER: How Europe is trying to deal with its gas crisis
2 years, 11 months ago

EXPLAINER: How Europe is trying to deal with its gas crisis

Associated Press  

FRANKFURT, Germany — Europe’s natural gas crisis isn’t letting up. Europe’s association of pipeline operators says cold weather would mean needing to import 5% to 10% more gas than the maximum volumes observed in recent years to avoid the risk of shutoffs. EUROPE IS RELYING ON HIGH PRICES ATTRACTING MORE SUPPLY: Analysts at Rystad Energy used ship-tracking data last month …

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