Filling of repositories
From today’s perspective, it appears that the European Union has allowed the rapid filling of storage facilities to cause a shocking price increase in the summer due to the huge demand. The idea of the European bureaucrats was to reach certain storage levels as quickly as possible, so that when supplies from Russia were cut off in autumn and winter, there would be safe quantities that could be quickly transferred between countries. .
In reality, Moscow, through Gazprom, almost stopped supplies to Europe at the end of the summer with the decision to close Nord Stream. But instead of achieving market stability by replenishing stocks, it caused great volatility.
The hidden effect of all this is that in reality Europe has stocked up (more than 92% full) of extremely expensive gas, which will begin to drive up market prices at the pump. This can cause the opposite effect and gas traders hold their shares and try to source the necessary quantities from the market, where prices are currently much lower. But the increase in demand would still blow them up.
This is also fully true for Bulgaria, as the Chiren storage currently has over 450 million m3 of natural gas (83.5% of full capacity), which was pumped in the summer at high prices and will inevitably enter the Bulgargaz mix. “already next month.
