rustywalker82
Active Member
203 messages
joined Feb 2013
https://uploadwikimedia.org/wikipedia/commons/0/0a/Monthly_gas_supply_balance_in_the_European_Union%2 C_2014-2021.png
If you take a quick look at this Wikipedia chart, it’s pretty obvious what's happening. It looks like European storage facilities might actually get filled up earlier this summer thanks to LNG—which is already being produced elsewhere. We're also seeing gas coming through non-Russian pipelines, basically just moving stuff from one storage spot to another. Basically, those dark blue and light green sections on the graph are climbing much earlier than they usually do.
The big question now is whether that dark blue and light green can keep growing enough to last through the winter, and more importantly, at what price? We're looking at lower gas consumption targets too, since everyone is pivoting toward more heating oil and coal.
Honestly, you can already see the pattern with ExxonMobil. It doesn't look like they've been ordered to cut off the supply entirely; it’s more like they're trying to deliver as little as possible while still squeezing out the same profit. Eventually, they'll probably crank the valves back open just to tank prices and screw over the competition in the LNG business. It’s a classic move—the tighter they squeeze the valves now, the faster they build up their rivals.
But hey, war is war. With people as reckless as Vladimir Putin, anything is on the table.