European gas imports

miketheterrible wrote:Russia is at fault for giving into these morons.

Gazprom continues to provide European consumers with reliable gas supplies via various routes, including the one traversing Ukraine.

Today, the Company fulfilled its obligations under the transit contract with Ukraine. The volume of Russian gas transported across Ukraine since the beginning of this year totals 40 billion cubic meters, which covers the amount stipulated in the transit contract for the entire year 2021.

GarryB wrote:HATO does not give Russia security guarantees then Putin might be less inclined to force Gazprom to make their gas available at cheaper rates to those countries...

Maybe using energy as a weapon might be the first result of HATO and EU shitfuckery.

(Bloomberg) -- Russia’s gas shipments through a major transit route to Germany are set to remain capped on Monday, potentially worsening Europe’s energy crunch just as a cold snap arrives in the region.

Just a fraction of pipeline space was booked in auctions on Sunday to flow gas into Germany through Belarus and Poland, according to data from the Regional Booking Platform. The bookings signal supplies via the Yamal-Europe link could remain limited on Monday after plunging over the weekend.

Reduced gas flows would exacerbate Europe’s energy crunch, which has already prompted metal smelters and fertilizer producers to curb output. If Russian gas giant Gazprom PJSC doesn’t reserve extra capacity at numerous within-day auctions overnight, that will force Europe to withdraw even more gas from its already deplete storage sites.

Only 4% of capacity was allocated to send the fuel through Germany’s Mallnow station, where Russia’s Yamal-Europe pipeline terminates. That compares with about 35% of capacity that Russia has booked for most days this month. Russia has also opted against booking extra pipeline capacity to flow more gas through Ukraine on Monday.

European temperatures are forecast to briefly dip below seasonal norms at the start of the week, putting further strain on Europe’s storages sites that are just 60% filled -- a record low for this time of year.

(Bloomberg) -- Europe is bracing for energy shortages this week as freezing weather is set to boost demand at a time supply just can’t keep up.

Temperatures are forecast to fall below zero degrees Celsius in several European capitals this week, straining electricity grids already coping with low wind speeds and severe nuclear outages in France. To make matters worse, Russia signaled it intends to keep natural gas flows through a major transit route to Germany limited on Monday after capping supplies over the weekend.

Energy prices have spiraled out of control this year, with European gas prices surging some 600%. As temperatures are forecast to briefly dip below seasonal norms at the start of the week, short-term electricity prices surged. In France, power for delivery on Monday rallied to the highest level since a rare spike in 2009, while Germany prices were the third highest on record.

Rising prices have fueled inflation, a headache for policy makers already contending with the spread of coronavirus omicron variant just before the holiday season. Geopolitical tensions between Russia and Ukraine could also make things worse, with a potential invasion likely to send prices even higher.

Jeremy Weir, chief executive officer of commodities trader Trafigura Group, last month warned that Europe could experience rolling blackouts in case of a cold winter. And that was before Electricite de France SA said it was halting reactors accounting for 10% of the nation’s nuclear capacity, leaving the region at the mercy of weather at the height of winter in January and February.


With nuclear outages biting, electricity producers will have to use more gas to keep the lights on. But Russia has signaled it may keep flows into Germany via the key Yamal-Europe pipeline capped, potentially forcing Europe to reply on its already depleted gas inventories. Storage sites are only 60% filled, a record low for this time of year.

In auctions on Sunday, just 4% of capacity was allocated to send gas through Germany’s Mallnow station, where the pipeline crossing Belarus and Poland terminates. That compares with about 35% of capacity that Russia has booked for most days this month. Russia has also opted against booking extra pipeline space to flow more gas through Ukraine on Monday.

Russian gas giant Gazprom PJSC will have a last change to reserve extra capacity at numerous within-day auctions overnight, potentially averting Monday’s crunch. The surge in prices in Europe has already forced metals smelters and fertilizer producers to curb output, threatening to derail the region’s economic recovery.

While traders expect more liquefied natural gas to come to rescue due to lower demand in Asia, cargo diversions will take some time and increased arrivals at European ports are unlikely to come before January.

Nov 16 (Reuters) - Europe is at risk of power outages this winter due to insufficient gas reserves and over the long-term, oil could rise above $100 a barrel, the chief executive of commodity trading giant Trafigura said on Tuesday.

Demand for oil, coal and natural gas as well as metals such as cobalt, nickel and copper have soared as the global economy reopens from COVID-19 restrictions, triggering price spikes that threaten the nascent recovery.

European gas prices have hit record highs this year prompting some countries to respond with emergency measures such as price caps and subsidies but that may not be enough, Jeremy Weir said.

"We haven't got enough gas at the moment quite frankly, we're not storing for the winter period. So hence there's a real concern that there's a potential if we have a cold winter that we could have rolling blackouts in Europe," Weir said at the FT Commodities Asia Summit.

Russian state gas monopoly Gazprom (GAZP.MM), a major exporter to Europe, started refilling its European storage facilities last week but on Monday it booked lower pipeline capacity for December.

Some European lawmakers have accused Moscow of restricting supply to put pressure on Germany to speed up the authorization of the Nord Stream 2 pipeline. Russia has denied this.

The higher price of natural gas has boosted demand for oil with benchmark Brent crude up 60% since the start of the year, trading at above $80 a barrel.

"We are seeing a very, very tight oil market," Weir said.

Climate change has put oil companies under pressure to shift away from polluting fossil fuels and the resulting drop in investment in new production is adding to the price pressure.

"I think people need to recognise it's not a situation where you might just flick the switch and you increase production. There's a lot of investment, it takes some time to do that," said Weir.

"I think we have got a bit of an issue looming on oil prices on a long-term basis, I think $100 plus on oil ... (is) very possible."

Front-month prices are about $1 higher than those in the second month, a market structure known as backwardation that indicates tight prompt supplies as the Organization of the Petroleum Exporting Countries (OPEC) and their allies continue to restrict production.

"There are some OPEC members that probably can increase supply very quickly," Weir said.

Power costs in Germany are headed for the highest levels in at least two decades this winter in a sign of what soaring fuel and carbon permit prices are having on Europe’s biggest electricity market.

German power futures for the fourth quarter are trading above 100 euros per megawatt-hour, twice the rate of last year and almost 50% more than the highest historical average daily price for the period in data going back to 2000.

George1 wrote:Gas price in Europe up over $2,100 per 1,000 cubic meters for the first time

https://tass.com/economy/1378817

LMFS wrote:Power in several countries of Europe has already surpassed 400€/MWh BTW...

It is important to notice that the EU will use this criminal crises they have created themselves to further reinforce their message that conventional energies cannot be trusted and that the green agenda needs to be forced further down our throats.

kvs wrote:If Germany was serious about green power it would not be shutting down nuclear power plants but would be building new
ones based on fast neutron breeder designs.