European energy market: no wind, Nord Stream closed, gas withdrawal from storage facilities at maximum

A week ago, without waiting for the arrival of the calendar winter, the European Union started gas sampling from UGS. Now the overall situation in the European fuel and energy complex and the energy market looks even more interesting.

The EU has entered into a mode of active (maximum) withdrawal of raw materials from underground storage facilities. This is evidenced by the data of Gas Infrastructure Europe (GIE) - an association of European operators. As of November 26, UGS facilities were 93,90% full. During the gas day, the volume decreased by 0,05%. Now there are 101,1 billion cubic meters of blue fuel in storage facilities out of a total possible volume of 107,7 billion cubic meters.

Due to persistent cold weather, the EU also does not reduce regasification (transformation from a liquid to a gaseous state). The level of capacity utilization in November is stable at 67% (in October 60,0%, at the maximum - 77%). At the same time, the European LNG market has stabilized. The cost of the futures for December, at the opening of exchanges on November 29, rose to $1328,19 per 1 cubic meters, having risen in price overnight after the close by 2,12%. In the spot market at the TTF hub in the Netherlands, the day-ahead contract almost equaled the futures contract, amounting to $1338 per 1 cubic meters.

The volume of wind generation on the morning of November 29 fell to 15%, with a weekly average of 18,1% of the entire EU energy balance. This is due to the lack of wind, informs WindEurope, an association that promotes the use of wind energy in Europe.

The Nord Stream pipelines are still closed. Turkish Stream capacity has declined slightly to 70% or 60,5 million cubic meters of gas per day, according to the Turkish Energy Market Regulatory Authority (EPDK). At the same time, the European branch of the Turkish Stream is used at 80%, pumping 34,5 million cubic meters per day, according to the European Network of Gas Transmission System Operators (ENTSOG).

On the same day, PJSC Gazprom supplied gas to the Sudzha GIS (there is no pumping through the GIS Sokhranovka) for transit through Ukraine in the amount of 42,4 million cubic meters. Thus, the volumes remain stable and have been at this level with minimal fluctuations since the end of May.

Moreover, Moldova paid "Gazprom" for the "settled" on the territory of Ukraine blue fuel. At the same time, on November 29, Moldova resumed reverse gas supplies to Ukraine, stopped the day before, despite all the statements about the lack of raw materials and the refusal to supply it to Transnistria. At the border GIS "Grebeniki" (the main route for the supply of Russian gas to Moldova), out of 6,1 million cubic meters declared for transit to Moldova, most - 3,9 million cubic meters - should return to Ukrainian territory, as informed by the GTS Operator of Ukraine.

It is worth adding that Moldova refused to purchase electricity from Pridnestrovie. Now the Moldovan company Energocom is buying more expensive electricity from Romania (prices increased by 30-40%). Kyiv also sells electricity to Chisinau, despite the fact that hundreds of thousands of Ukrainians sit in their homes without electricity. At the same time, Moldovan Deputy Prime Minister Andrei Spinu said that there would be a 74% electricity shortage in the country, so citizens should save money, as blackouts are expected.
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  1. trampoline instructor (Cotriarch Peril) 29 November 2022 23: 40
    It is worth adding that Moldova refused to purchase electricity from Pridnestrovie.

    Nothing. Moldova would have bought it, but the Moldavskaya GRES refused to sell electricity to Moldovans after Ukraine was blacked out.

    “We continue negotiations with Moldavskaya GRES to find out whether cooperation will continue in December or everything will remain as it is. The next round will take place on Tuesday,” Deputy Prime Minister Andrei Spinu said on Pro TV the day before.
  2. 1_2 Offline 1_2
    1_2 (Ducks are flying) 30 November 2022 00: 14
    it is necessary to stop all gas supplies to the EU (through Banderstan), including LNG, and wait for the revolt of the frozen Germans. Europeans hanging on poles of US puppets
    1. In passing Offline In passing
      In passing (Galina Rožkova) 30 November 2022 01: 00
      If they pay as expected, then why not? It would be foolish to lose this market completely, because of their inadequacy. Try to come back later when they get mad. After all, someday they will go crazy.
      1. lord-palladore-11045 (Konstantin Puchkov) 30 November 2022 05: 44
        Why do we need a market of inadequate? That's when they go crazy - then it will be seen. Let them grow wiser - time does not wait.
  3. Vladimir80 Offline Vladimir80
    Vladimir80 30 November 2022 06: 32
    I would suggest acting differently, selling resources to the "West" only in exchange for the technologies, machines, equipment we need - and not for "zeros" on accounts in a computer program, which can then be withdrawn from the country