Topic: Gas Storage

Adam Curry explains the technicalities of gas storage in Ukraine and the history of the country siphoning off gas intended for Europe. They argue that EU sanctions against Russia are economically hurting Europe more than Russia, especially as energy prices are set to rise during the winter. They characterize the EU's blocking of the South Stream pipeline as "economic suicide."

Through a contact at the Dutch oil storage company Vopak, Adam Curry reports a significant slowdown in oil shipments to China. The industry is reportedly shifting production focus to Indonesia, while the price of natural gas is expected to remain suppressed for two more years until Japan fully transitions its energy infrastructure.