French gas operator GRTgaz revealed on Friday that France is no longer receiving gas from Russia from the direction of Germany. The delivery was interrupted on June 15, the company stated. GRTgaz assured France will have no difficulty meeting the needs of consumers during the summer, noting that gas flow from Spain has increased. Current gas storage levels in France stand at 56%, compared to the usual 50% at the same time of year. “However, the proper filling of French storage facilities in anticipation of next winter must remain a priority for all shippers and stakeholders,” the company stated.
Russian gas deliveries to France interrupted
French gas operator GRTgaz revealed on Friday that France is no longer receiving gas from Russia from the direction of Germany. The delivery was interrupted on June 15, the company stated. GRTgaz assured France will have no difficulty meeting the needs of consumers during the summer, noting that gas flow from Spain has increased. Current gas storage levels in France stand at 56%, compared to the usual 50% at the same time of year. “However, the proper filling of French storage facilities in anticipation of next winter must remain a priority for all shippers and stakeholders,” the company stated. This severely affects Germany.
Gazprom reduces gas flow via Nord Stream.
Natural gas prices in Europe rose more than 16% on Wednesday following reports that Gazprom PJSC continues to reduce gas flow via Nord Stream. On Tuesday, it became known that the Russian company was reducing the amount pumped by 40%. And in addition, today, the firm cut about 15% of gas supplies to Italy, a representative of Eni SpA said. UK natural gas futures for delivery in July climbed 16.02% to 230,000 pence per therm at 3:37 pm CET
Freeport LNG announces Explosion
Natural gas soared in Europe after Freeport LNG announced that it will not return to full operations “until late 2022.” Freeport LNG reported on June 8 “an incident” that occurred at the “liquefaction plant on Quintana Island, Texas,” resulting “in the release of LNG, leading to the formation and ignition of a natural gas vapor cloud, and subsequent fire at the facility.” The company is “mindful” of this incident’s impact and the “suspension of operations on our personnel, our surrounding community, and the domestic and international gas and LNG markets.” Freeport LNG is an LNG export company headquartered in Houston, Texas, and it exports nearly 2 billion cubic feet per day of LNG out of the Freeport Terminal…. This is the gas Biden pledged to Europe.
NN: you may think natural gas flows to Europe are not important this time of years where demand is low. What you need to understand is the fact that Europe needs all the gas it can get in the summer to fill storage tanks for winter. Reality is gas demand in the winter exceeds Russia ability to deliver by pipeline. That is why Europe also needs the stored gas. Winter time storage so far is virtually non existent. And the US LNG supplies have been cut is half because the Louisianian LNG terminal has a “accident” (it blew up) and will be off line for 3 mouths.