patrick.net

Thanks to a warm winter and support from new suppliers, European natural gas prices have dropped below 50 euros per megawatt hour and hit the lowest level in 18 months.
On Friday, the benchmark TTF contract fell 5% to a low of 49 euros...

...

.... prices have plunged 85% from highs reached last summer, when Russia President Vladimir Putin sought to weaponize energy by cutting off gas supplies to Europe, which had imposed sanctions on Moscow for its invasion of Ukraine.
At the current level, natural gas prices are equivalent to $85 per barrel, nearly on par with Brent crude oil at around $83.
....
Europe's gas storage is at 65% of capacity with winter now more than halfway over.
Meanwhile, Europe also found alternate supplies, including from the US and Middle East. In November, Germany signed a 15-year contract with Qatar, a major liquefied natural gas exporter. 
...
Prices are now low enough that Europe may go back to using gas for power generation, after turning to cheaper coal last year.
Russia has signaled hopes to redirect gas sales to China as state-owned energy giant Gazprom reportedly lost $3 billion in overseas revenue last month compared to a year ago.
But others are also vying to supply China. Qatar signed a 27-year contract it has signed with China to supply 4 million tons of gas per year.

MOSCOW/FRANKFURT, March 3 (Reuters) - Russia's ruptured undersea Nord Stream gas pipelines are set to be sealed up and mothballed as there are no immediate plans to repair or reactivate them, sources familiar with the plans have told Reuters.

Open and shut.

Meanwhile, our Intel Community has discovered that it was… well might have been… Ukraine, after all, who blew up the Nord Stream pipelines — with help from some outside parties (namely, America’s Intel Community).

But waitagoshdarnminnit! How does that get anybody off-the-hook for the costly caper? NATO supposedly backs Ukraine, right? And Germany is the European leader of NATO, right? So you’re telling me Ukraine blew up a systemically-important asset of a leading country that supports Ukraine? Something doesn’t add up in that-there rebus puzzle. I’ll spare you the mental labor. The US Spook Industrial Complex is just laying another trip on you. And the “you” includes poor bamboozled Germany, led by arguably the biggest sap ever elected by a supposedly advanced nation, Olaf Scholz, whose name will evermore ring through history as a synonym for “chump.”

Sooner or later, one or both of the following must happen: the German people will dump this chump and / or his replacement will find a way to bow out of Germany’s commitment to America’s foolish proxy war against Russia, leading post-haste to the disintegration of NATO, and leaving America’s army of vaccine-injured transsexuals to reconquer the Donbas and Crimea, led by Tony Blinken in an off-the-shoulder cocktail dress.

Lenin was shipped from Switzerland to Russia

What for? Pukin stopped supplying natgas to Europe long before the explosions.

Pukin should've learned from his idol - Joseph Stalin - who said "nobody is irrepleacable".

Turns out nobody really needs CCCP for anything and the whole gamble of "we can do whatever we want because everybody is our energy bitches" had failed miserably.

LOL, I fucking told you so - it's the fucking CCCP who blew up the pipelines. They had the motive ("freeze Europe"), the means (in-pipe "pigs") and absebse of effort to repair was the final piece of the puzzle. And now it's confirmed - they are not going to repair it. Open and shut.

https://kunstler.com/clusterfuck-nation/everything-all-at-once/

Meanwhile, our Intel Community has discovered that it was… well might have been… Ukraine, after all, who blew up the Nord Stream pipelines — with help from some outside parties (namely, America’s Intel Community).

But waitagoshdarnminnit! How does that get anybody off-the-hook for the costly caper? NATO supposedly backs Ukraine, right? And Germany is the European leader of NATO, right? So you’re telling me Ukraine blew up a systemically-important asset of a leading country that supports Ukraine? Something doesn’t add up in that-there rebus puzzle. I’ll spare you the mental labor. The US Spook Industrial Complex is just laying another trip on you. And the “you” includes poor bamboozled Germany, led by arguably the biggest sap ever elected by a supposedly advanced nati...

This graph is similar seasonally each year

mell says

This graph is similar seasonally each year

EBGuy has posted much wider version of that graph and it's not similar at all. The "war criminal cretin spike" is clear but now it's gone.

I wonder if Germany would be criticized if they repaired the Nordstream pipe.

The United States would just blow it up again.

I loved thinking about those smug German officials who smirked at Trump when he was stating how dependent they are on Russian natural gas and how the are not spending their fair share of NATO military costs.

Well, they were too stupid to realize that the United States is their enemy. They were too dumb to realize that the US is run by a mafia.

Well, they were too stupid to realize that the United States is their enemy. They were too dumb to realize that the US is run by a mafia.

We need a better relationship with Russia and an Anglo Alliance, and fence in China and Europe.

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According to this article, Portugal generated electricity with only solar, wind and hydropower for one week in late October:

https://www.canarymedia.com/articles/clean-energy/portugal-just-ran-on-100-renewables-for-six-days-in-a-row

This works great when you don't have to run air conditioners or need a natural gas furnace to provide the BTU's to keep your home warm such as in northern Germany.

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"According to this article, Portugal generated electricity with only solar, wind and hydropower for one week in late October:
https://www.canarymedia.com/articles/clean-energy/portugal-just-ran-on-100-renewables-for-six-days-in-a-row "

This is not true - this is a lie because you cannot run the electrical grid on solar and wind - the grid needs a very steady voltage - something the solar and wind cannot provide.

"...I suspect it was really hydro carrying the main load with some inputs from wind and solar."

Residents in the Moscow region have expressed their outrage after the heating in their homes stopped working amid sub-zero temperatures as their top official reportedly took more than a week to speak publicly about the incident.

At least 21,000 residents of around 180 high-rise buildings in the city of Podolsk, around 30 miles south of central Moscow, were left freezing after the power was knocked out in their homes when a heating main burst at the Klimovsk Specialized Ammunition Plant on Thursday January 4, Russian media reported.

There's an increasing number of shocking images from towns around Moscow appearing on social media due to this crisis. Freezing water in stairwells, cracked radiators, and iced-over walls and windowsills inside apartments serve as visual proof of the combined effects of a heating network failure and severe frost.

Moscow is freezing: Most in the suburb of Klimovsk (population ~60,000) still have no heat because the only boiler house failed. This is happening all over the Moscow suburbs.

"""While Putin spends billions of rubles on missiles to attack Ukraine, people freeze in their own homes in regions of Russia that are supposedly 'rising from its knees'"

USSR is now directing ~40% of government spendinng on their "little victorious war".

Residents in the Moscow region have expressed their outrage after the heating in their homes stopped working amid sub-zero temperatures as their top official reportedly took more than a week to speak publicly about the incident.

At least 21,000 residents of around 180 high-rise buildings in the city of Podolsk, around 30 miles south of central Moscow, were left freezing after the power was knocked out in their homes when a heating main burst at the Klimovsk Specialized Ammunition Plant on Thursday January 4, Russian media reported.

https://twitter.com/TuckerCarlson/status/1745219839889654264

"This is a big nothing burger. AG is out of season in Germany and farmers have free time to bitch. Probably warranted, but this will influence absolutely nothing"