Without Nord Stream: Germany overfulfilled the plan for filling UGS facilities

Germany, following Poland, reached and even exceeded the EU plan to fill its underground gas storage facilities, reaching 80% by August instead of October 1st. Germany managed to get ahead of the previously drawn up schedule by five weeks, even without receiving fuel from Nord Stream. Data from Gas Infrastructure Europe shows that the filling continues, and quite actively.

Large German energy companies have received state guarantees and multi-billion dollar loans, which is why they demonstrate an attraction of unprecedented generosity and purchase any volumes of gas and at any price on EU spot trading floors. Because of this, prices are rising not only in Europe, but throughout the world. The thing is that, without "waiting" for cheap Russian gas through Nord Stream, Germany decided to correct the situation radically.

However, Berlin has cause for concern and not being economical in terms of spending. Over-fulfillment of the UGSF filling plan ahead of schedule will mean nothing, and the expenses will become in vain if direct supplies stop in winter. In this case, the conversion of storage facilities from compensatory capacities to supplying ones will bankrupt the FRG completely.

Germany has only one way out of the current situation - to continue filling UGS facilities up to 90 percent or more of the nominal capacity. The benchmark is 95% by the end of October and 100% by November, which will be an absolute record for all years. In such a simple way, Berlin is trying to stretch the period of use of reserves in tanks that are not supported by supplies through the gas pipeline to at least three months.

However, seven more EU countries are “breathing” in the back of Germany, where there are gas storage facilities and which are close to fulfilling the European Commission's plan in terms of replenishment rates. Closest to the target is Italy, which reached 79% storage capacity. However, these countries face the same danger as the FRG - a halt in direct deliveries. Only, unlike Berlin, all other EU members do not have that colossal money to continue buying gas and filling UGS facilities in excess of the norm in the hope of spending the winter on reserves alone.
  • Photos used: pxfuel.com
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  1. Fizik13 Offline Fizik13
    Fizik13 (Alexey) 23 August 2022 09: 16
    Without Nord Stream: Germany overfulfilled the plan for filling UGS facilities

    Meanwhile, Scholz went to Canada for gas. Those. the owner does not know what is happening at home.
    1. Alexander Pushkov (Andrey Ra) 26 August 2022 19: 24
      For what gas? For fart? There are no terminals in Canada, if anything!
  2. Expert_Analyst_Forecaster 23 August 2022 09: 46
    For analysis, you need to have three numbers:

    A) What are the gas reserves in Europe today.
    B) Regular (for example, for 2019) annual gas costs.
    C) Expected gas supply.

    Then you can assess the situation. Otherwise, it's all empty talk.
    1. Alexander Gorev Offline Alexander Gorev
      Alexander Gorev (Alexander Gorev) 24 August 2022 10: 50
      Without supporting pressure in the gas pipeline, happiness will not last long
  3. Sergey Latyshev Offline Sergey Latyshev
    Sergey Latyshev (Serge) 23 August 2022 10: 24
    But what about the crowd of articles "everything is lost, Europe will freeze" (and for the third year already)
    Those. someone is constantly misleading people.
    And after all, no, no about those resellers-oligarchs that cash in on the hype. That would be interesting, whose structures make money on the rise in price of everything.
    1. Vladimir Tuzakov (Vladimir Tuzakov) 23 August 2022 20: 50
      The whole question is how much gas is in these UGS facilities in cubic meters. because 90% do not say anything, if for example 100% filling is enough for two months of winter consumption ...
      1. Volkonsky Offline Volkonsky
        Volkonsky (Vladimir) 24 August 2022 05: 45

        there is the answer to your question, Poland, for example, has 98% UGS filling, but their capacity is only 3 yards of cubes, but oddly enough they are enough, with an annual demand of 21 yards / year, own production of 5 yards / year, LNG - 12 yards / year (with the connection of the floating terminal in Gdansk by 4,5 yards and the expansion of the terminal in Swinoujscie to 7,5 yards / year), and the Baltic Pipe will give another 10 yards / year after the launch in October. And they also want to expand the Gdansk LNG terminal to 6-12 yards, then they will also be able to supply gas to their neighbors - Czechs, Slovaks, Latvians, Estonians and Ukrainians. As you can see, the psheks are the best prepared for the winter, you can fight with Russia

        1. Expert_Analyst_Forecaster 24 August 2022 10: 50
          The capacity or capacity of the terminals does not mean automatic filling with gas. We'll have to offer suppliers a higher price. And there are no long-term contracts for gas. There will be a rat race.
  4. prior Offline prior
    prior (Vlad) 23 August 2022 10: 43
    It seems that in Europe they are absolutely sure that the coming winter is the last,
    And then there will be one continuous summer.
    Weird people.
    Putin openly told you that we have not started anything yet.
    1. Expert_Analyst_Forecaster 23 August 2022 19: 44
      I will say more - and in the summer we need gas. All these dances are filling - shamans predict gas-free weather.
      And what the industry needs or just cook food - this will not be needed in the summer or next winter)).
    2. zenion Offline zenion
      zenion (zinovy) 24 August 2022 13: 38
      So is it a gas stove?
  5. Vox_Populi Offline Vox_Populi
    Vox_Populi (vox populi) 23 August 2022 13: 51
    The article indirectly confirms that, despite the growing difficulties with gas, the EU will survive this problem and, as the volumes that fall short are replaced (new terminals and LNG processing plants, pipelines, etc.), the situation will stabilize, although most likely it will not be as favorable as before.
    1. Expert_Analyst_Forecaster 23 August 2022 19: 50
      A) Gas will be bought in the USA. Dependence instead of Russia - from the USA.
      B) Gas will be bought much more expensive. Gas sellers clap their hands.
      C) Russia, Belarus, the former Ukraine buys much less goods in Europe.
      D) Due to the increased cost of goods, Europe will sell less goods around the world.
      Germany already has a negative trade balance.

      They will not die out, they will survive, but Europe will live less richly. And in some areas, even scarcely.
  6. alexey alexeyev_2 (Alexey Alekseev) 23 August 2022 20: 55
    They won’t freeze.
  7. Kuramori Reika Offline Kuramori Reika
    Kuramori Reika (Kuramori Reika) 23 August 2022 22: 45
    These reserves in case of blocking the Nord Stream will remind you of one simple truth.

    Better a terrible end than horror without end.

    The German economy, already realizing that it is doomed, will choke itself to the last in order to save extra cubic meters of gas. It will be nice to see this.
  8. Indifferent Offline Indifferent
    Indifferent 24 August 2022 04: 06
    Yes, they have gas and enough for the winter. But the price of this gas is not surprising? The point is not in the presence of gas, but in its price for the consumer and the price of the goods in the production of which gas is involved !!!
    1. Expert_Analyst_Forecaster 24 August 2022 10: 54
      There is not enough gas. That's why they raise the price in order to snatch what they have.
      How it will be further is not clear. But gas prices will continue to pleasantly surprise gas suppliers to Europe for a long time to come.
  9. Alexander Gorev Offline Alexander Gorev
    Alexander Gorev (Alexander Gorev) 24 August 2022 10: 51
    Without supporting pressure in the gas pipeline, happiness will not last long