European Natural Gas Market - Episode 4

Nov 28, 2024

∙ Paid

A few more observations…

We reduced our November regas send-out by 1bcm versus the last update. While we will have higher LNG imports in the last week of November, with 2 days left in the month, we adjusted for lower send-outs into the pipeline system based on real-time incoming data.
We reduced our December consumption by 2 bcm. But note that our December consumption remains 14.4% above last year’s level!
We adjusted our total storage number from 105 bcm to 106.5 bcm to get in-sync with the EU storage reporting in %-filled;
Our exit storage level in March 2025 stands at 36%, which is too low to replenish back to above 90% by the end of October 2025, as required by law.

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