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JoHeWe t1_itrr3jz wrote

Reply to comment by shortdaYOLO in [OC] European Gas Storage in %fill vs. %Storage of Average Annual Consumption by shortdaYOLO

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?

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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.

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