High Prices, Mild Weather Mean EU Natural Gas Demand is Low, Stores are Low, Too: on Social Media (1)

–Gas prices whipsaw on Wednesday – fall as low at 97 euros / MWh, before recovering to 106 euros

Dec. 28-29, 2021

No additional pipeline gas flows to Europe mainly because no one is buying it! The main reason no power utility in Europe can afford it! Contractual pipeline gas price is much lower than the future & spot pipeline gas or LNG. Fingers crossed for wind & lower pipeline gas prices!
— Caner Can (@hcanercan) December 26, 2021

Berlin Temperature Forecast is for Mild Conditions

https://www.berlin.de/en/weather/forecast/

Gas prices have dropped fast:

From Dec. 29

Gas storages are less full than normal for the time of year.

TTF / NBP get a break on milder than average weather forecast in Europe until 5 Jan. Fundamentally, nothing changed. The market is as tight as never before. Take the 55% storage fill right now – it compares with the EU exit fill-% end of March 2020…! A longer winter ahead#TTF pic.twitter.com/iPYZGYK7iP
— Alexander Stahel (@BurggrabenH) December 29, 2021

CarrZee Carbon

High Prices, Mild Weather Mean EU Natural Gas Demand is Low, Stores are Low, Too: on Social Media (1)

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High Prices, Mild Weather Mean EU Natural Gas Demand is Low, Stores are Low, Too: on Social Media (1)

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