Submitted by shortdaYOLO t3_yd3sy1 in dataisbeautiful
Comments
11160704 t1_itps65f wrote
It could be that they also supply neighbouring Estonia and Latvia.
That's the case with Austria for instance, there is a big storage right at the border with Germany which also supplies large parts of southern Germany hence the high value for Austria.
millhouse-DXB t1_itrxt94 wrote
Until they need it of course.
Nervous_Promotion819 t1_iu5zmyz wrote
This storage you mean is by far the largest in Austria and actually only supplies Germany because it has no connection to the Austrian network at all
shortdaYOLO OP t1_itprcb2 wrote
Data Source: https://agsi.gie.eu/
Tools: Google Sheets/Slides and a few minutes of headscratching.
coffeeismydoc t1_itqe4si wrote
This is good but perhaps a third graph indicating the amount of power derived from natural gas in each country would be interesting
shortdaYOLO OP t1_itqi4ls wrote
It is hard to put the energy supply of Europe into a few graphs. The IEA has good resources on the subject. Main point here is: storage matters little. Demand reduction and LNG supplies really tip the balance. https://iea.blob.core.windows.net/assets/318af78e-37c8-425a-b09e-ff89816ffeca/GasMarketReportQ42022-CCBY4.0.pdf
JoHeWe t1_itrr3jz wrote
Can the average annual consumption be split between winter and summer months?
Or otherwise, maybe the storage levels compared to half a year of the average annual consumption, since stocks are refilled during summer?
shortdaYOLO OP t1_itrtqkh wrote
1/3 to 1/5 is consumed during summer months, depending on region and industry. It definitely is not a 50/50 split. Europe will get through this winter just fine, regardless of temperatures. But Middle Eastern countries that are not traditional producers, e.g. Pakistan, will struggle a lot to compete in the global market. Gas spot will remain volatile and Futures will struggle to stay stable.
Edit: the current dump in EU spot and obvious implications for future pricing in LNG shipping to the EU, bafflingly currently still evades public discussion.
moodragonx t1_itr7dnp wrote
Since when has europe looked like a dragon?
aiden22304 t1_itrnaj7 wrote
Damn you, now I can’t unsee it!
sadomaru t1_ittzjhh wrote
Winter is coming
Achillies2heel t1_itptibo wrote
Winters gonna be an experience huh...
685327594 t1_itqkf7l wrote
That's not really what this graph shows. Europe's gas storage is very high and a warm winter is expected. Everything should be OK so long as the forecast stays warm.
Achillies2heel t1_itqlsno wrote
1: your assuming % gas storage means they have enough, storage is for emergencies and the amounts vary per country.
2: I trust weathermen as much as I trust the russians to not commit war crimes.
685327594 t1_itqmfiq wrote
Just to be clear it's not really my opinion, it's the experts opinion. That's why prices have been plummeting recently:
Achillies2heel t1_itqmlgr wrote
Prices are plummeting because europe is headed for a deep recession.
685327594 t1_itqnj9g wrote
Well, its kind of a chicken and egg scenario. The high prices are what's CAUSING the recession.
Ramu98 t1_itpu7ck wrote
We have to wait and watch.
ASK_IF_IM_PENGUIN t1_itpu62d wrote
Yes it has the potential to be.
Prepare now.
Now is the time to think about backup heating, lighting, cooking, making sure you have warm clothes, battery packs etc etc.
Still a while to prepare, and hopefully it won't be needed, but there's no harm in doing so or as much as you can.
Ramu98 t1_itprwku wrote
Latvia has 2 years worth of storage capacity. 🎉