Maximum happenings. More details to come. The freeze Germany trade is now on.
GAZPROM HAS STOPPED DELIVERIES OF RUSSIAN GAS TO GERMANY VIA YAMAL-EUROPE PIPELINE
Some facts on German gas usage:
Germany’s storage caverns currently stand at 30% full, according to industry group Gas Infrastructure Europe data.
ICIS analysis data for German supply showed that in December 2021 Russian pipeline gas accounted for 32%, Norwegian gas 20% and Dutch 12%, with storage 22% and the rest from other smaller sources including domestic production.
Gas burning accounted for 15.3% of German electricity generation last year, according to BDEW.
If you’re thinking Germany can make it without Russian gas, think again. More than 50% of German homes are heated using Russian gas or 41.5m homes. Also, their factories and industrial plants use Russian gas.
The alternative?
Coal and oil.
The only problem there is, according to BAFA 34% of Germany oil comes from Russia and 53% of coal also comes from, you guessed it, Mother Russia.
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Peabody Energy BTU is the coal play.
No worries, Germany is playing 8-D chess. Putin is in over his head.