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. We know that this year will continue to be challenging.” The commission estimates that joint gas storage levels stand at almost 84%, and that storage levels in December were 13% higher than the EU average in 2016-2018. The first regular shipment of liquefied natural gas from the United States arrived in Germany on Tuesday, part of wide-ranging European efforts to find new, more reliable suppliers and replace resources once bought from Russia.

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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 …

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 …

European Union leaders struggle to bridge gas price cap divide
2 years, 2 months ago

European Union leaders struggle to bridge gas price cap divide

The Hindu  

European Union leaders converged on Prague Castle, on October 7, to try to bridge significant differences over a natural gas price cap as winter approaches and Russia's war on Ukraine fuels a major energy crisis. A group of 15 member countries has urged the EU's executive branch, the European Commission, to propose a cap on gas prices as soon as …

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 …

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 …

EU Ready if Russia Turns Off Gas Supplies, Says Paolo Gentiloni
2 years, 3 months ago

EU Ready if Russia Turns Off Gas Supplies, Says Paolo Gentiloni

News 18  

EU Economy Commissioner Paolo Gentiloni said Saturday that the European Union was “well prepared” in the event of a total halt in Russian gas deliveries, thanks to storage capacity and energy-saving measures. “We are well prepared to resist Russia’s extreme use of the gas weapon,” he told reporters on the sidelines of an economic forum organised by The European House …

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 …

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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