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Live and recent posts from across the Fediverse tagged #lng, aggregated by home.social.

  1. Europe Gas Supply

    Firstly, there's no evidence of any impending gas shortages, so I'll just make that very clear before the rest of this post.

    The attached charts show the current gas storage situation for most European countries. Great Britain is shown in a different colour because it's not an EU country, but it's shown for comparison.

    The first chart shows the percentage of each country's full capacity. The data in the table's columns show % full, the difference today compared to this time last year, the number of days' supply at the current usage rate, stock in TWH (tera-watt hours) and the net daily use in GWH/day.

    The second chart shows the estimated number of days' supply to each country at the the current rate of use, should all input sources stop supplying gas all at once. In reality, all the countries are interlinked and there is flow between them, so any shortfall in one country is quickly made up through inter-country trading or additional external supplies.

    The inclusion of Europe as a whole in the chart is purely indicative as countries use gas at differing rates, supplies never dry up entirely and the supply is highly likely to last a lot longer than shown. The figure is just a sum of all the countries in the chart.

    What is striking is that Austria is showing as having more than 300 days' supply should it lose all input sources, Austria maintains one of the largest underground natural gas storage capacities relative to its size in Europe.

    In comparison, Great Britain has only around a week of supply, despite both countries having around 66% of their storage filled. GB relies mainly on imports from Norway and "just in time" LNG tanker supplies.

    #nationalgrid
    #ukgas
    #europegas
    #lng
    #g7izu

  2. European Gas Prices Drop on Iran Deal Hopes after U.S. Midterms

    The benchmark European natural gas prices fell by 2% in the early morning in Amsterdam on Thursday, extending…
    #Europe #EU #Europewintergassupply #European #Europeangasprices #Iranwar #JDVance #LNG #QatarEnergyforcemajeure #StraitofHormuz #TrumpIrandiplomacy #TTF #U.S.MidtermElections
    europesays.com/europe/175023/

  3. European Gas Prices Drop on Iran Deal Hopes after U.S. Midterms

    The benchmark European natural gas prices fell by 2% in the early morning in Amsterdam on Thursday, extending…
    #EuropeSays #Headlines #News #Europe #Europa #EU #Iran #Europewintergassupply #Europeangasprices #IranWar #JDVance #LNG #QatarEnergyforcemajeure #StraitofHormuz #TrumpIrandiplomacy #TTF #U.S.midtermelections
    europesays.com/iran/355079/

  4. europesays.com/3354547/ Excelerate Energy and AxDo Bahamas Announce Long-Term LNG Supply Agreement Supporting Planned Bahamas LNG Hub #APNews #business #GasPrice #LiquefiedNaturalGas #lng #LNGPrice #NaturalGas

  5. Why Supplying Europe With LNG Has a Best-Before Date

    Canada’s proposed associate membership with the European Union is a first-of-its-kind political and economic partnership announced by Prime…
    #Canada #Carney #Europe #gas #GasSupplyUS #geopolitics #LNG #Russia
    europesays.com/canada/279267/

  6. TotalEnergies to acquire operating stake in two offshore gas fields

    TotalEnergies has announced the signing of agreements with PETRONAS Carigali Sdn Bhd (PCSB), PTTEP, and KUFPEC to acquire…
    #France #FR #Europe #EU #TotalEnergies #Business #Energy #Finance #gasfields #KUFPEC #liquefaction #LNG #MalaysiaLNG #midstream #naturalgas #offshoreenergy #PCSB #Petronas #PETRONASCarigaliSdnBhd #PTTEP #SapuraOMV
    europesays.com/france/104993/

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