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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (192957)	10/28/2022 1:18:01 AM
From: Snowshoe	Read Replies (1) \| Respond to of 218800

<< ... am guessing that a year ago inventory were the way they were due to its logistic-hub nature, as a part of a 'flow' schema, whereas now the hub has been unplugged on the one end to large degree and to another ramped to high price. >> Putin restricted gas flows into Europe during 2021, in the lead-up to his invasion of Ukraine... IEA Says Russia Could Do More to Boost Europe’s Gas Supply bloomberg.com By Isis Almeida and Anna Shiryaevskaya Updated on September 21, 2021 at 6:01 AM AKDT The International Energy Agency called on Russia to supply more natural gas to Europe, saying the energy crunch was an opportunity for the country to show it’s a “reliable supplier.” Russia is meeting its contractual obligations to ship gas to Europe, but its exports to the continent are still down from levels in 2019, before the global pandemic, the agency said. More gas flowing from the east would help Europe boost its stockpiles before the winter. Gas prices in Europe are breaking records day after day as top supplier Russia keeps a cap on the additional flows needed to refill storage sites. Norway has struggled to sell more due to heavy maintenance while Asia is scooping up cargoes of liquefied natural gas, leaving Europe starved of the fuel just a few weeks before the heating season starts. “Russia could do more to increase gas availability to Europe and ensure storage is filled to adequate levels in preparation for the coming winter heating season,” the IEA said in a statement on its website. “This is also an opportunity for Russia to underscore its credentials as a reliable supplier to the European market.” ***** Energy prices are soaring from the U.S. to Europe and Asia as economies rebound from the global pandemic and people return to the office. In Europe, gas supplies were already low after a long cold winter left storage sites depleted, and refilling them hasn’t been easy. Europe is entering the winter with the lowest inventories in more than a decade, leaving the market vulnerable to price volatility when the sun isn’t shining or the wind isn’t blowing -- curbing the output of renewable power.