Goldman Sachs: There will be a lot of gas in EU gas storages in the spring

The record levels of UGS filling, achieved at an incredible cost by the European Union, have so far brought only disappointing forecasts for the future. However, the American bank Goldman Sachs decided to "please" the European allies and published a prediction that there will be quite a lot of gas in local reservoirs by spring - enough to start the replenishment season. Writes about this agency Bloomberg.

According to bank analysts who correct their own forecasts, it was initially expected that by the end of March 2023 gas storage facilities in Europe would be filled with a maximum of 21-23%. However, due to "warmer-than-expected weather", as well as ongoing efforts by European countries to save energy, storage facilities are likely to be about 30% full. And this is the standard value for the end of the heating season, which technologically ensures the start of filling with gas for the new season.

Accordingly, exceeding UGS occupancy levels at the end of the withdrawal will simplify the task of filling European gas storage facilities in the coming summer, the agency emphasizes, citing Goldman Sachs experts. Although it is not known whether it will start at all: the EU industry is falling apart and, losing markets and profits, refuses expensive fuel, and households live in the cold.

A few days ago, the International Energy Agency urged the EU not to needlessly cheer over overflowing gas storage facilities, calling it a phony achievement. The situation of hopelessness and the feeling of hopelessness of the situation smoothed out, first of all, political "corners" of EU foreign policy. Now, when GS has given a positive forecast, which the Russophobes of Europe have been waiting for, this may play a negative role in the development of the energy crisis in Europe, and not help it.
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  1. Andrey Andreev_2 (Andrey Andreev) 17 November 2022 16: 37
    If a private company bought gas at $2700 per 1000 cubic meters and pumped it into European UGS facilities, then it’s not at all a fact that the gas will be sold at the purchase price + storage price + margin ... Therefore, unsold gas will remain in storage until better times))) Although I am sure that gas prices in Europe will still show themselves in winter, and purchase prices will seem like baby talk)))
  2. Kofesan Offline Kofesan
    Kofesan (Valery) 17 November 2022 17: 24
    And if their factories also close, well, aluminum, steel-smelting, glass-making, for example, or mineral fertilizers with beer, the Fritz will stop cooking, and the French will bake rolls ... then, these stocks will be enough for them for the summer-autumn of 2023. Gut! With full then bins, but straight to "paradise". And the wind is in their hollow.
  3. Yaroslav the Wise (Yaroslav the Wise) 17 November 2022 21: 12
    Soon we will live like this! Our Government does not want to lag behind European colleagues. Therefore, by the New Year, he wants to raise prices for a communal apartment. Apparently, Russia also buys gas from the US, at market prices. Or Gazprom, Rosneft and hedgehogs with them, having lost the source of their windfall profits - Europe, just wants to "break away" on the Russians. That's PATRIOTISM for you! Well, and you, dear Russians, continue to sign up as volunteers for the NWO. And the Government will support you .... with a new jump in prices!