"This is not enough": the EU assessed the injection of Russian gas into UGS

On the evening of November 8, Gazprom began filling its underground storage facilities in Europe. Gas market analyst at Rystad Energy Emily McClain has calculated that, while maintaining the current pace, Russia will distribute no more than 2 billion cubic meters of natural gas among European UGS facilities. This, according to the expert, will not be enough in case of winter temperatures below normal.

The resumption of Russian gas flows to Germany reassured stock exchanges and market participants. It is difficult to say now how much gas will be supplied by Gazprom. According to our calculations, about 2 billion cubic meters by the end of the year. In the event of a harsh winter, this will not be enough

McClain thinks.

The expert added that in the near future in the north-western regions of Europe temperatures will be set below normal, which will increase the consumption of natural gas. This will again create risks of rising energy prices.

However, this risk can be limited if additional gas volumes do indeed enter the market.

- the specialist considers.

Currently, Gazprom is injecting fuel into the storage facilities Jemgum, Katarina, Rehden, Etzel in Germany and Haidach in Austria. For this reason up gas transit through the territory of Poland and Ukraine.
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  1. Let Sevpotok 2 be launched, there will be enough tada for everyone! So it's up to Germany!
  2. zenion Offline zenion
    zenion (zinovy) 10 November 2021 19: 39
    So all the same, Russia is strongly dependent on what will happen to her when she does not do her job for that, after all, she was created.
    1. avg Offline avg
      avg (Alexander) 10 November 2021 20: 18
      Do you know anything else? wink
  3. Bakht Online Bakht
    Bakht (Bakhtiyar) 10 November 2021 20: 39
    The Nord Stream cannot help Europe in any way. Let there be not two, but five or ten. You can download only what is contracted and paid for. While European countries do not submit applications for gas supplies, GazProm is pumping its OWN gas into its OWN storage facilities. But there is a risk that the Europeans, like true gentlemen, will simply commune this gas, referring to the abnormally cold winter.
    So, if I were Gazprom, I would not be in a hurry to fill my gas on foreign territory. There are contracts - you need to pump gas. If there are no contracts, then they do not need gas.
    1. Valera75 Offline Valera75
      Valera75 (Valery) 11 November 2021 03: 46
      As I understand it, this gas is just for those who receive it under a contract, it is like as a safety net for Gazprom in winter when there are peak loads in frosty conditions. It turns out that if the West starts stealing gas from underground gas storage facilities, it will steal its own gas.
      1. Bakht Online Bakht
        Bakht (Bakhtiyar) 11 November 2021 09: 00
        A bit wrong. To date, Gazprom carries out all contract deliveries. At the same time, SP-2 does not work, and transit through Ukraine and Poland is minimal. Pumping into European UGS facilities is really a safety net. But all over-contract deliveries are paid at hub prices. Although, as I read, in the contracts there is an opportunity to buy gas in excess of the contract at the old prices. We do not know the details of the contract.
        The Europeans do not have their own gas. An example of Ukrainian UGS facilities before everyone's eyes. Slovakia pumped out its gas that was stored there. So the gas in the underground storage facilities in Germany (which is being pumped now) is Russian gas. And Gazprom does not receive anything for it yet.
    2. Dan Offline Dan
      Dan (Daniel) 11 November 2021 06: 56
      Quote: Bakht
      Nord Stream Cannot Help Europe

      The price bubble is highly dependent on the expectations of speculators on the hubs. Any positive news on the joint venture significantly lowers the price of gas at the hubs. At a certain moment, when the prices of some "psychological" levels pass, it is possible to predict an increase in gas orders from buyers. On the other hand, in the current situation, Gazprom has a significant profit within the framework of current supplies from the unreasonable EU policy, which is still pushing through the third energy package and is not going to abandon it.

      Quote: Bakht
      Europeans, like true gentlemen, simply communicate this gas, referring to the abnormally cold winter

      This is fraught with the rupture of trade relations with Gazprom, and this is a complete collapse in their energy sector, regardless of the season. Europeans are not Ukrainians. They still think, although they are no longer always sensible.
      1. AICO Offline AICO
        AICO (Vyacheslav) 11 November 2021 07: 41
        The head is not sane, like the rest of the rear-wheel drive parts - they cannot think sanely, they have critical days in life right out of their ears !!!
      2. Bakht Online Bakht
        Bakht (Bakhtiyar) 11 November 2021 09: 09
        If the price of a product depends on the words of one person, then this means that there are no market relations. And there is no demand-supply relationship. There is speculation on the stock exchange. What the Europeans were warned about. But this also means that speculators can easily collapse prices before last year. 50 dollars per thousand cubic meters. Then back-up gas injection is a mistake.
        I see the correct policy only in deliveries of strictly contractual volumes. What you subscribe to, you get it.
        The Europeans can take this gas. There are loopholes. Let's say by court order or on debt. When you freeze, they will not really think about the consequences. The decisions of the Europeans do not differ much from the Ukrainian ones. Two of a Kind.
  4. Bulanov Offline Bulanov
    Bulanov (Vladimir) 11 November 2021 09: 02
    While gas in the EU is at a price slightly lower than gas in Asia, the United States and Qatar will send their gas there, to Asia. And this is what Russia needs!