Post by
Oldnagger on Dec 02, 2020 6:28pm
In other news in Europe
Nat Gas inventories went negative against the prior years inventory for the first time in a very long time.
In late February 2020 there was a surplus of 1000 BCF versus the prior year.
European gas in 2020 represents 17% of VET's production AND is forecast to represent at least 20% of cash flow for 2020 . probably much higher for 2021
Comment by
Backinblack1000 on Dec 02, 2020 9:10pm
This post has been removed in accordance with Community Policy
Comment by
Oldnagger on Dec 03, 2020 1:33am
Just my luck! no sooner had I written this post then Celsiusenergy.net who was my source for the info decided to change the basis for their calculations by excluding datafrom the Ukraine (which they found unreliable) The conclusions remain essentially the same as to the drop in the surplus over time The difference is that they now show the current surplus as -236 BCF versus 1 year ago