categoryMenu_new
 
  Home
  EXTRAORDINARY AH Teaching from Spiritual Hierarchy
  AbundantHope
  NEW READERS! Read Here First
  Supporting AH
  Leadership of AbundantHope
  Announcements
  Regional AH Sites
  Other Sites with AH material
  Contact Us
  Becoming A Messiah
  OUR PUBLIC FORUM IS OPEN TOO ALL
  Mission Ideas
  System Busting
  Cleric Letter/English
  Translations of Cleric Letter
  AH Member Writings
  Candace
  Ron
  Rosie
  Jess
  Brian's Poetry
  James
  Giuseppe
  Esteban
  Telepathic Messages
  Candace
  Jess Anthony
  Vince
  Leonette
  John
  Adam
  Bela
  Joyce
  Hazel
  Kibo
  Peter
  Rosie
  Johan
  Lucia
  Lucia G
  Rubens
  Shellee-Kim
  Ben
  Dorothea
  Solon
  Others
  Targeted Messages
  Hano
  Light Flower
  Changing The Face Of Religion
  - Phoenix Journals - PDF in German
  Candace on Religion
  Other Spiritual Pieces
  Gems from God Like Productions
  Spiritual Nuggets by the Masters
  Phoenix Journals
  Phoenix Journals - PDF
  Telepathic Messages PDF books
  Selections from the Urantia Book
  Illustrations For The Urantia Book
  CMGSN Pieces
  THE WAVE
 
  Environment/Science
  David Crayford and the ITC
  Health and Nutrition
  Podcasts, Radio Shows, Video by AH
  Political Information
  True US History
  Human/Animal Rights
  The Miracle That Is Me
  Education
  Resources
  911 Material
  Books - eBooks
  government email/phone #'s
  Self Reliance
  Video
  Websites
  Alternative News Sources
  Art and Music
  Foreign Sites
  Health and Healing
  Human/Animal Rights
  Scientific
  Spiritual
  Vegan Recipes
  Translated Material
  Dutch
  Gekanaliseerde berichten Jess
  Gekanaliseerde berichten Candace
  Gekanaliseerde berichten Anderen
  Artikelen/berichten
  French
  Canal Jess
  Par Candace
  Other Channels
  Articles
  German
  Telepathische Nachrichten (Candace)
  Telepathische Nachrichten (Jess)
  Telepathische Nachrichten (div.)
  AH Mitgliederbeiträge (Candace)
  AH Mitgliederbeiträge (Jess)
  Spirituelle Schätze
  Italian
  Translations - Candace
  Translations - Jess
  Translations - Others
  Portuguese
  by Candace
  By Jess
  By Others
  Spanish
  Anfitriones Divinos
  Bitácoras Fénix
  Creadores-de-Alas (WingMakers/Lyricus)
  Escritos de Candace
  Escritos de Otros
  Monjoronsón
  Telemensajes de Candace
  Telemensajes de Jess Anthony
  Telemensajes de Otros
  Chinese
  By Candace
  By Jess
  By Others
  Korean Translations
  Hungarian Translations
  Swedish Translations

Search
[an error occurred while processing this directive]
Environment/Science Last Updated: Mar 28, 2022 - 12:08:15 PM


Europe's Gas Storage half-empty In Record Time, refusing long-term supply contracts with Russia despite soaring costs
By Javier Blas
Jan 14, 2022 - 8:48:27 PM

Email this article
 Printer friendly page Share/Bookmark

https://www.sott.net/article/463180-Europes-gas-storage-half-empty-in-record-time-refusing-long-term-supply-contracts-with-Russia-despite-soaring-costs

Javier Blas
Bloomberg
Fri, 14 Jan 2022 17:31 UTC

european gas empty

On Christmas eve, Gazprom, the Russian state-owned natural gas giant, tweeted a rather unfestive message: Gas inventories in Europe were depleting quickly. Since then, Gazprom has been reminding the world of the trend every few days. "It should be noted that gas reserves in Europe's UGS [underground gas storages] are currently at their lowest for the season in the long history of observation," it tweeted again earlier this week.

Gazprom is right. On Thursday, Gas Infrastructure Europe, an industry association, announced that European gas inventories had dropped below the key 50% mark of total capacity, down to 49.33% as of Jan. 12. It's the earliest the half-empty mark has ever been reached, beating the previous record by seven days. Typically, Europe's gas inventories don't fall to half until about early-to-mid February. During some mild winters, the inventories don't sink below midpoint until early March.

The biggest ally of Europe in the gas crisis has so far been the weather. Only a month ago, many feared the 50% level would be breached on New Year's day. Unseasonal temperatures cut consumption and helped to avoid that scenario. The arrival of liquefied natural gas (LNG) cargos also alleviated the crunch. Some big energy consumers - like fertilizer companies, glass manufacturers and aluminum and zinc smelters - also shut down production.


Comment: One wonders just how low reserves would be if industry hadn't been shut down, and what the knock on effects of shutting them down will have on critical industries, trade and agriculture? It's not as though Europe has the luxury of losing that production and revenue.


With nearly half of January gone, there are few meteorological signs of the feared cold snap. Indeed, if the current forecasts hold, temperatures may rise above seasonal levels during the second half of the month.

It could still get colder, but typically Jan. 28 marks an inflection point in European winter, when the season starts to gently warm, according to 30-year average trends.


Comment: Except recent years have shown that our planet has entered a period where these trends are no longer applicable. Meanwhile, elsewhere on the planet, including Eastern Europe and Russia, record cold temperatures and snowfall has been documented.


Each day without a cold snap after that date is a day closer to spring - and relief for the gas market. Still, prices for European gas - and electricity - remain elevated, with benchmark gas trading around 75 to 80 euros ($86 to $91.74) per megawatt hour, about 300% above the 2010-2019 average but well below a peak of nearly 188 euros per MWh set in December.

Gazprom is the main reason why - and not because of its tweets. Russia has kept the pressure on the European gas market by turning down supplies.


Comment: Russia offered long term gas contracts, and countries like Serbia and Hungary took advantage of the "incredible" deals, however the belligerent West refused and now its citizens are suffering the consequences of record costs, at a time where inflation and food prices are also soaring, and a great many are reeling from 21+ months of rolling lockdowns.


The Yamal-Europe pipeline, a major conduit of Russian gas into Germany, hasn't shipped a single molecule of gas for 23 consecutive days. Flows via other pipelines remain well below normal levels.

Gazprom says it's meeting all its contractual obligations with customers in Europe. And the customers agree. What the Russian energy behemoth isn't doing, as it does normally in winter, is to offer gas on the spot market
above and beyond its long-term contracts.

Why not is a matter of hot debate. Some argue the company doesn't have the gas to sell because domestic demand is running very high and exports to China are rising. Others, however, believe Russia is manufacturing a gas crisis for political leverage over Ukraine.


Comment: Russia might be leveraging its position in the hope that by having long term gas contracts the West might tone down its aggression, and who could blame it?


What's clear is that with half of January gone, and the weather indicating more mild temperatures until February, the biggest risk is no longer a cold winter - but what Russia can do to supplies.

Comment: Europe's puppet politicians might get lucky and this winter may continue to be relatively, unseasonably mild, however recent years have shown that severe frosts are still possible past April, so it's hardly a time to be celebrating. However it seems, whatever happens, it's not a high priority concern for Europe's establishment who are hellbent on attending to another agenda:

Also check out SOTT radio's: NewsReal: Kazakhstan on Fire: Why US vs Russia 'Great Game' Could Spark Global Economic Collapse







All writings by members of AbundantHope are copyrighted by
©2005-2022 AbundantHope - All rights reserved

Detailed explanation of AbundantHope's Copyrights are found here


Top of Page

Environment/Science
Latest Headlines
Sitrep: UNSC On Biolabs In The Ukraine + Russia Transcript
VAERS Data ‘Unreliable,’ Fact-Checkers Say — Here’s Why That’s a Big Problem for CDC, FDA
US Tried To Fund Bio labs In Ukraine As Early As 2005, records show
CDC/FDA Smoking Gun of Smoking Guns 2
Deleted Web Pages Show Obama Led an Effort To Build a Ukraine-Based BioLab Handling ‘Especially Dangerous Pathogens’.
All Along the Watchtower
Tucker Carlson Outlines Biological Research Labs in Ukraine in Segment That Triggered State Department Response
Global Governments Begin Warning of Critical Food Shortages
THe Crude Hypocrisy And Rot Of Green politics
Ukrainian Nationalists Cut Power To Chernobyl, Russia says
BREAKING: Documents Reveal US Department of Defense Was Funding Ukrainian Biolabs — Russia Releases List of Biological Agents Tested in US BioLabs in Ukraine, Including Salmonella, E. Coli, Anthrax and The Plague
Russia To The U.S. – “We have found your biological weapons!”
Scientific Integrity Is Dead. Here's Proof.
A Story About Polio, Pesticides and the Meaning of Science
Glyphosate: What It Is, Where It Is … and What You Can Do About It
Francis Collins-led NIH Not Only Backed Research On Aborted Fetuses But sex-change Testing on Young Kids
Russia reveals documents of labs developing biological weapons in Ukraine funded by the US
Under Secretary Victoria Nuland Admits U.S. Funded Biological Research Labs Exist in Ukraine
Here Are The Documents The U.S. Embassy in Ukraine Scrubbed On 'biological threat reduction' Labs
'Brace for Rationing' - Food Crisis Escalates - EU Farmers Furious