Data Source: https://agsi.gie.eu/

Tools: Google Sheets/Slides and a few minutes of headscratching.

Latvia has 2 years worth of storage capacity. 🎉

It could be that they also supply neighbouring Estonia and Latvia.

That's the case with Austria for instance, there is a big storage right at the border with Germany which also supplies large parts of southern Germany hence the high value for Austria.

Winters gonna be an experience huh...

Yes it has the potential to be.

Prepare now.

Now is the time to think about backup heating, lighting, cooking, making sure you have warm clothes, battery packs etc etc.

Still a while to prepare, and hopefully it won't be needed, but there's no harm in doing so or as much as you can.

We have to wait and watch.

This is good but perhaps a third graph indicating the amount of power derived from natural gas in each country would be interesting

It is hard to put the energy supply of Europe into a few graphs. The IEA has good resources on the subject. Main point here is: storage matters little. Demand reduction and LNG supplies really tip the balance. https://iea.blob.core.windows.net/assets/318af78e-37c8-425a-b09e-ff89816ffeca/GasMarketReportQ42022-CCBY4.0.pdf

That's not really what this graph shows. Europe's gas storage is very high and a warm winter is expected. Everything should be OK so long as the forecast stays warm.

1: your assuming % gas storage means they have enough, storage is for emergencies and the amounts vary per country.

2: I trust weathermen as much as I trust the russians to not commit war crimes.

Just to be clear it's not really my opinion, it's the experts opinion. That's why prices have been plummeting recently:

https://tradingeconomics.com/commodity/eu-natural-gas

Prices are plummeting because europe is headed for a deep recession.

Well, its kind of a chicken and egg scenario. The high prices are what's CAUSING the recession.

Since when has europe looked like a dragon?

Damn you, now I can’t unsee it!

Can the average annual consumption be split between winter and summer months?

Or otherwise, maybe the storage levels compared to half a year of the average annual consumption, since stocks are refilled during summer?

1/3 to 1/5 is consumed during summer months, depending on region and industry. It definitely is not a 50/50 split. Europe will get through this winter just fine, regardless of temperatures. But Middle Eastern countries that are not traditional producers, e.g. Pakistan, will struggle a lot to compete in the global market. Gas spot will remain volatile and Futures will struggle to stay stable.

Edit: the current dump in EU spot and obvious implications for future pricing in LNG shipping to the EU, bafflingly currently still evades public discussion.

Until they need it of course.

Winter is coming

This storage you mean is by far the largest in Austria and actually only supplies Germany because it has no connection to the Austrian network at all