Europe now has so much natural gas that prices just dipped below zero

[Litwin]

you know guys, i see the massive pain coming from Kremlin basement ) LOL

https://edition.cnn.com/2022/10/26/energy/europe-natural-gas-prices-plunge/index.html

 

[Moonglow]

Damn if the US doesn't pull through for Europe yet again. This is gonna upset Ruskies and Republicans

 

[Litwin]

Damn if the US doesn't pull through for Europe yet again. This is gonna upset Ruskies and Republicans

ONE FOR SURE, POOTLER IS FINISHED ...

 

[surada]

Damn if the US doesn't pull through for Europe yet again. This is gonna upset Ruskies and Republicans

Europe, once fearing gas rationing this winter, has a glut | Fox Business

Conservation and recent unseasonably warm weather have eased fuel supply concerns in the wake of Russian President Vladimir Putin's invasion of Ukraine

www.foxbusiness.com

 

[martybegan]

The only problem is the supply glut is with LIQUIFIED natural gas, which the EU has minimal storage capacity for. So they have tankers just sitting in harbors playing storage tank, which is expensive, and after a time can just leave.

Europe has done quite frankly a good job of getting off load facilities up and running to take LNG and add it to their system, what is taking longer is the infrastructure to STORE LNG as opposed to natural gas at operating pressures.

That is due to LNG storage having to be far more robust than operating pressure storage and transfer.

 

[surada]

Damn if the US doesn't pull through for Europe yet again. This is gonna upset Ruskies and Republicans

Europe, once fearing gas rationing this winter, has a glut | Fox Business

Conservation and recent unseasonably warm weather have eased fuel supply concerns in the wake of Russian President Vladimir Putin's invasion of Ukraine

www.foxbusiness.com

 

[Moonglow]

Pootin is not only losing the war he is losing market shares.

 

[martybegan]

Europe, once fearing gas rationing this winter, has a glut | Fox Business

Conservation and recent unseasonably warm weather have eased fuel supply concerns in the wake of Russian President Vladimir Putin's invasion of Ukraine

www.foxbusiness.com

The glut isn't due to on shore supply surplus, it's due to off shore surplus of LNG that can't be stored on shore.

Sooner or later less ships will show up, and the ships there will decide their contracts were broken and leave to off load somewhere else.

They did a good job of upgrading and expanding their ability to take ship based LNG to replace the Russian supplies, but it takes far longer to build LNG on shore storage due to the structural nature of such storage.

 

[22lcidw]

Pootin is not only losing the war he is losing market shares.

We have comforts here in America. When we lose them, we bitch and whine so loud it can be heard in space. People like yourself think that what we have is normal.

 

[Litwin]

Europe, once fearing gas rationing this winter, has a glut | Fox Business

Conservation and recent unseasonably warm weather have eased fuel supply concerns in the wake of Russian President Vladimir Putin's invasion of Ukraine

www.foxbusiness.com

man, we (Liberal Order ) are at 70 times larger than Moscow horde, Moscow is joke . we consume this putin´s empire In the blink of an eye

 

[Litwin]

due to off shore surplus of LNG that can't be stored on shore.

LNG prices go down everywhere not just in EU...

 

[Litwin]

Europe, once fearing gas rationing this winter, has a glut | Fox Business

Conservation and recent unseasonably warm weather have eased fuel supply concerns in the wake of Russian President Vladimir Putin's invasion of Ukraine

www.foxbusiness.com

GLOBAL LNG-Asia prices edge down on ample inventories

Asian spot liquefied natural gas prices (LNG) slipped this week, extending declines as strong inventory levels and ample year-end cargo supply muted buying activity. The average LNG price for December delivery into north-east Asia was $30 per million British thermal units (mmBtu) this week...

finance.yahoo.com

 

[JWBooth]

The only problem is the supply glut is with LIQUIFIED natural gas, which the EU has minimal storage capacity for. So they have tankers just sitting in harbors playing storage tank, which is expensive, and after a time can just leave.

Europe has done quite frankly a good job of getting off load facilities up and running to take LNG and add it to their system, what is taking longer is the infrastructure to STORE LNG as opposed to natural gas at operating pressures.

That is due to LNG storage having to be far more robust than operating pressure storage and transfer.

details, details

 

[Litwin]

details, details

reality :
European gas prices have dropped to levels not seen in more than four months,

U.S. Gas Prices Fall For 10 Straight Days—Nearing $3 In Southeast

A gallon of gas costs $5.64 in California, 24 cents less than it did a week ago and 78 cents under its peak of $6.42 earlier this month.

www.forbes.com

 

[Litwin]

The glut isn't due to on shore supply surplus, it's due to off shore surplus of LNG that can't be stored on shore.

Sooner or later less ships will show up, and the ships there will decide their contracts were broken and leave to off load somewhere else.

They did a good job of upgrading and expanding their ability to take ship based LNG to replace the Russian supplies, but it takes far longer to build LNG on shore storage due to the structural nature of such storage.

We have comforts here in America. When we lose them, we bitch and whine so loud it can be heard in space. People like yourself think that what we have is normal.

details, details