Posted on 08/22/2022 11:00:51 AM PDT by BeauBo
Natural gas demand in major consuming countries stood in June at 104 percent of year-ago levels, but production was flat compared to 2021 levels, new data from the Joint Organisations Data Initiative (JODI) showed on Wednesday.
While U.S. natural gas production has been rising in recent months alongside LNG exports, Russian gas production has plummeted since Russia invaded Ukraine at the end of February.
In June, Russian gas production plummeted 18 percent month on month, falling for three consecutive months. Russia’s gas output in June was at 70 percent of March levels, according to data from JODI, which compiles self-reported figures from countries.
At the same time, consumption in the European Union and the UK slumped to a five-year seasonal low in June. LNG imports soared by 50 percent compared to June last year.
High demand in Europe, high natural gas prices, and increased export capacity made the United States the world’s largest exporter of liquefied natural gas in the first half of 2022, the U.S. Energy Information Administration said last month. The United States is shipping record volumes of LNG to Europe to help EU allies in their efforts to fill gas storage ahead of the winter.
The European Union and the UK inventories increased by 9 bcm – slightly less than the seasonal average build of 11 bcm – to stand 57 percent full at the end of June.
According to data from Gas Infrastructure Europe, as of August 16, EU gas storage was 75 percent full. Storage sites in Germany, Europe’s biggest economy which is the most affected by the Russian cuts in deliveries via Nord Stream, were full at 77 percent.
(Excerpt) Read more at oilprice.com ...
The Freeport LNG (Liquified Natural Gas) export terminal is scheduled to re-open in October (20% of US export capacity), starting small and ramping up capacity.
Since this article was published, German gas storage has increased to almost 80%, which is their minimum target for the Winter. They have been injecting about 1/2 of a percent (0.5%) of their capacity per day. Europe overall is in
Wait until this Winter, biggest home heating crisis on record. It’s not the lack of preparation or Biden’s anti-energy policies, it’s....climate change.
America has won nothing and will continue to lose as long as we have unelected criminals colluding with WEF criminals.
“America has won nothing “
Comrade dforest, how’s the weather in Moscow?
NATO is expanding. NATO defense spending going through the roof.
US LNG exports are booming.
Cheer up comrade!
What transition are you talking about? Gazprom is flush with cash.
I heard and have read that in the West/US/UK/EU, that univ level ‘Journalism 101’ classes have been renamed as ‘Propaganda 101’....
Stupid post as usual from a nonsensical person.
That's roughly 90 cents a therm for the US consumer - nearly triple the cost a year ago.
How is that winning?
I suppose if you're Joe Biteme, Kammy the Airhead or Humpher Biden, it's all peachy, because the US taxpeasants are splashing out to cover THEIR bills...
Yes, this has been great for pipeline companies which are yielding 7-8%, midstreams, and mineral rights payments on gas wells are up 400% from 2 years ago.
Ride the wave, winter is coming.
When their natgas bills go up, they just vote themselves a raise.
“NATO is expanding. NATO defense spending going through the roof.”
Naa, we’re busy scrapping carriers, like the Enterprise. But we are spending more, to put women’s bathrooms in subs and on ‘woke’ training.
He always comes back with the childish "you must be a Russian agent!" response.
I'm convinced speedy is 14 year old high schooler trolling from his mom's basement. Or he's a paid DHS government employee. Not much difference, really.
I'm imaging George Will bouncing questions off of Doris Kearns Goodwin :)
BeauBo Please tell us about how great it is that totalitarian Big Tech in America is censoring any news that does not tie the party line. We are not being allowed to hear or say the truth online except in forums like FR and the a lot of d-bag Freepers on FR that are perfectly happy with it. Are you?
Tell the wench from Sweden to fart in a jar — she may need it for winter.
With super high natural gas prices and Russia being the biggest exporter of natural gas, with winter fast approaching? And the huge China/India natural gas/oil markets eager for Russoan oil/natural gas?
Read this:
https://www.statista.com/statistics/217856/leading-gas-exporters-worldwide/
the biggest casualty in this conflict?
Russia’s reputations (yes, plural)
NOTE THAT - before Feb. 23rd, 2022 -
- Russia was thought of as a country interested in peace; so much so, that there was even talk of disbanding NATO, since it wouldn’t be needed anymore!
- Russia was thought of as a civilized country, well-behaved and respectful of its neighbors like any other in Europe
- Russia was thought of as a reliable supplier of gas; so much so that Germany could get rid of all its nuclear and coal-fired power plants!
- the Russian military was thought of as large, well-organized, and efficient - something to be feared
NOBODY believes these lies anymore ... thinking that had been well-embedded for years has been upended in less than 6 months ...
brilliant move, Russia!!
I don’t share his hate for the Russian people. I also don’t hate Ukrainian people. I am sad they are being used in a proxy war by the west.
Yeah?
Just how much is Germany spending on NATO as compared to the US?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.