Russia reduces supply and is blocked by US exports ... EU's natural gas inventory has fallen for the first time in two months

Author:Poster news Time:2022.06.19

In many European countries, in summer, natural gas inventory is generally increased to prepare for winter heating. However, affected by factors such as Russia's reduction of supply and the resistance of the US liquefaction natural gas exports, the EU's natural gas inventory recently declined for the first time in two months.

Data from European natural gas infrastructure show that as of the 14th local time, the EU natural gas inventory level was about 52%, a decrease of more than 0.5 percentage points from the previous day, which was the first time in two months. Russia's largest buyer in Europe, Germany, said recently that the natural gas they recently received was reduced by 60%compared to the order volume. The Italian Enie Group said that Russia has announced that it will only provide 50%of the daily natural gas supply required by the Italian party. Energy agencies in France and Austria have also said that the supply is affected.

Russia said on the 18th that the "Turkish Creek" natural gas pipeline, which supply gas to Southeast European countries, will suspend the gas transmission from the 21st to 28th of this month to perform annual maintenance in the plan. In addition, an accident occurred earlier this month at a LNG terminal in Dezhou, the United States, which also affected exports to Europe. In Europe and other European countries, the inventory level is generally increased to more than 90%by November to ensure that there is sufficient natural gas in China in winter. The analysis of the energy industry information agency Wood McCanz pointed out that in the worst case, if the "Beixi-1" pipeline completely stops supply, the European Union will not be able to meet the inventory level requirements by November, which means The monthly exhaustion of inventory.

The German Energy Regulatory Federal Network Bureau said on the 17th that the current natural gas supply situation in Germany is very tight. The agency calls on the German people to use natural gas to "save saves". The German government has urged enterprises and families to consume natural gas consumption to the minimum level.

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