Forwarded from Song of Oil and LNG
🇩🇪 Potential Gas Shortage in Germany: A Critical Scenario
In a worst-case scenario, Germany's gas shortage could reach 20%.
German gas storage facilities could be empty by the beginning of February 2025 in the event of extremely low winter temperatures, according to the energy sector association Initiative Energien Speichern e. V. (INES).
The association of operators of German gas and hydrogen storage facilities, which account for more than 90 percent of Germany's gas storage capacity and about a quarter of that of the entire European Union, has published three scenarios for gas consumption in the coming winter.
The first two scenarios assume a normal or warm winter, in which case storage facilities will remain 35-69% full. The third scenario, with extreme low winter temperatures, is not so optimistic.
According to calculations, gas shortages at extremely low temperatures on some days would amount to around 20% of Germany's gas consumption.
Despite the fact that the EU (and Germany) ended the heating season with record gas balances in UGS facilities, and now their volumes are already almost 80%, the EU's main producer remains fully dependent on U.S. fuel supplies.
#Germany #gas
@songofoil
In a worst-case scenario, Germany's gas shortage could reach 20%.
German gas storage facilities could be empty by the beginning of February 2025 in the event of extremely low winter temperatures, according to the energy sector association Initiative Energien Speichern e. V. (INES).
The association of operators of German gas and hydrogen storage facilities, which account for more than 90 percent of Germany's gas storage capacity and about a quarter of that of the entire European Union, has published three scenarios for gas consumption in the coming winter.
The first two scenarios assume a normal or warm winter, in which case storage facilities will remain 35-69% full. The third scenario, with extreme low winter temperatures, is not so optimistic.
According to calculations, gas shortages at extremely low temperatures on some days would amount to around 20% of Germany's gas consumption.
Despite the fact that the EU (and Germany) ended the heating season with record gas balances in UGS facilities, and now their volumes are already almost 80%, the EU's main producer remains fully dependent on U.S. fuel supplies.
#Germany #gas
@songofoil
Forwarded from Tupi Report 🇧🇷 • #FreeVenezuela
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Forwarded from Tupi Report 🇧🇷 • #FreeVenezuela
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Forwarded from Tupi Report 🇧🇷 • #FreeVenezuela
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🌚1
Organization looks terrible
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😁1🎉1💩1🍌1
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🌚1
Actual: 4.7%
Expected: 5.1%
Previous: 5.3%
https://x.com/DailyFXTeam/status/1812668656658076005
@FelipeChannel
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X (formerly Twitter)
DailyFX Team Live (@DailyFXTeam) on X
🇨🇳 GDP Growth Rate YoY (Q2)
Actual: 4.7%
Expected: 5.1%
Previous: 5.3%
https://t.co/nxvcCIQqBm
Actual: 4.7%
Expected: 5.1%
Previous: 5.3%
https://t.co/nxvcCIQqBm
Forwarded from QVINTA ÆTAS
"If the Russian army is
- uneducated and untrained
- using bikes instead of tanks
- leaving behind their wounded
- out of fresh water and starving
what does this say about the Ukrainian army, losing almost every battle against the Russians since autumn 2023?
➡️And without bitter sarcasm: I’m so tired of all the cheap laughs about biking, piss drinking and ugly Russians. Either it’s not representative at all for the real situation or the Ukrainian army is in a comparable or even worse state.
➡️As a true friend of Ukraine, I’m worried about the future of the country. The current domestic and international policies in connection with the war are not leading to de-occupation of the country. They are leading into the abyss."
🔗 Julian Röpcke (@JulianRopcke)
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Forwarded from /SCI/ Southern Cross Intelligence - (𝙱𝚕𝚒𝚝𝚣 🇦🇷🦅)
President Milei's reaction after Argentina's victory in the Copa América
LET'S GO ARGENTINA DAMN...!!!
WE ARE CHAMPIONS AGAIN...!!!
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Forwarded from Market News Feed
MOODY’S: THE FEDERAL RESERVE COULD BEGIN POLICY EASING WITH A 25 BASIS POINTS CUT AS EARLY AS IN THE UPCOMING 30-31 JULY MEETING. ...
Forwarded from Market News Feed
MOODY’S: WE EXPECT THE FED FUNDS RATE TO BE REDUCED BY A CUMULATIVE 50-75 BP IN 2024 AND ANOTHER 100-125 BP THROUGH 2025. ...
Forwarded from LiveLeak
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Gardai have gone fully Rambo-mode and are literally beating concerned citizens off the streets who are #protesting against a huge migrant centre being built in #Coolock.
A large protest in planned for 6pm.
Follow us -> LiveLeak
A large protest in planned for 6pm.
Follow us -> LiveLeak