Natural Gas Inventories In Europe Remember that a lot this gas inventory build up occured
prior to Russia's complete closure of
the Nord Stream 1 pipeline. Once Winter is over, the build up will have to occur, once again. Where will the natural gas come from then?
As always, energy pricing is a supply and demand issue.
"...
Gas storage sites continue to fill as countries switch from gas to coal or oil in power plants and industry and increase imports of liquefied natural gas (LNG). The summer months are traditionally a time when storage is filled as demand for energy is usually lower, but with the winter heating season ahead, sites are set to empty again in the coming months. European gas storage levels surpassed 80% at the end of August, in line with their average over the 2017-2021 period, and ahead of a Nov. 1 deadline by the European Union for getting to that level, according to data from Gas Infrastructure Europe (GIE)..."
https://graphics.reuters.com/UKRAINE-CRISIS/EUROPE-GAS/zdvxozxzopx/
Russian Gas, as a source can no longer be factored into the future European, supply situation!
Why do you think that the German chancelor is in so much of hurry to get gas supplies from alternate sources and locked in at the most affordable of prices with shorter term contracts.
Don't believe all the hype that things are getting better soon in Europe, because they are not!
Don' t give up your cheap Trillion shares or you may live to regret it!
Things are not as rosy as many may think.
All the best! Java