Friday, August 18, 2023

EU & UK NatGas Inventory Report, August 18, 2023

 Data from the Aggregated Gas Storage Inventory report...


Much is being made of the 90% achievement, 3 months early. Typically this would represent about 3 months of supply, if all sources were cut off. That will not happen, but winter expectations and potential Australian LNG strike has provided apprehension in the markets. That potential for less supply has sent the bidding upward.


Overall, the price of TTF NatGas is still below levels of 2 years ago -(13.2%). That was before the pipeline chicanery, blackmail, etc. 






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