European gas market

Gas vs coal plant switching practicalities | 10 Jun, 2019

The switching dynamics of European gas for coal plants have never been more important than in 2019.  Falling hub prices are tipping the competitive b ...

Decarbonising European gas: value chain impact | 03 Jun, 2019

Decarbonisation of the European gas market will involve very large scale investment across the supply chain, regardless of the pathway via which it is ...

Decarbonising European gas: 3 pathways | 27 May, 2019

The origins of the European gas market go back to the discovery of large reserves of natural gas, firstly the giant onshore Dutch Groningen field (195 ...

Russia, LNG & the next 3 years | 06 May, 2019

European LNG import volumes set another new record in Apr-19, following the previous record set last month. Volumes are up about 230% compared to this ...

Power sector setting gas prices in Europe | 08 Apr, 2019

Two European gas market records were broken in March. Both LNG and Russian monthly import volumes surged to their highest levels in history. This has ...

Gas prices plunge towards US LNG shut in levels | 01 Apr, 2019

Off-piste descent for gas prices TTF prices fell by more than 50% across Winter 2018-19.  No... that is not an April Fool’s joke.  The decline ...

The changing role of UK’s gas interconnectors | 25 Mar, 2019

2019 is going to be an important year of transition for the two key interconnectors that link the UK with Continental gas markets. The IUK pipe bet ...

A new wave of LNG supply is building | 18 Mar, 2019

European and Asian spot gas prices have halved across the last six months. European hub prices are currently testing the 5.0 $/mmbtu level, down from ...

TTF animation shows wild gas curve swings | 04 Mar, 2019

Given the complex nature of energy markets, a good chart can be worth a thousand words.  Animating a series of charts and turning them into a movie c ...

Europe & Asian gas prices slump | 18 Feb, 2019

European hub prices have fallen 40% since Sep 2018. This is a substantial move over a five month period. It is even more impressive because the price ...

LNG market balance in 5 charts | 04 Feb, 2019

2018 was a year that confounded LNG market expectations of winter squeezes and summer lulls. The market was tight over summer, with Asia pulling av ...

Variable cost a key differentiator for storage | 28 Jan, 2019

Like cars, gas storage assets come in a range of sizes and speeds.  Any conversation comparing the relative merits of different storage assets tends ...

LNG shipping distances drive up costs | 21 Jan, 2019

LNG shipping has grabbed an unusual amount of headline space across the last year. The primary reason has been a tripling in spot LNG vessel charter r ...

5 energy market surprises for 2019 | 07 Jan, 2019

Welcome back to our first feature article for 2019.  As has become tradition we start the year with five surprises to watch for on your radar screens ...

Major energy surprises of 2018 | 17 Dec, 2018

 As the Christmas break rapidly approaches, it is time for our traditional year end review of energy market surprises. We approach this in two par ...

How flex price signals differ across TTF vs NBP | 10 Dec, 2018

The European gas market is formed around a well interconnected network of traded hubs. Liquidity at most of these hubs is limited to a short-term hori ...

European gas price rally hits reverse | 26 Nov, 2018

European hub prices doubled between July 2017 and September 2018.  50% of that move happened in Q3 2018. Through the objective barometer of market pr ...

Russian capacity to get gas into Europe | 05 Nov, 2018

As winter approaches the European gas market is looking east.  A tight market increases the importance of Russian flows to maintain orderly hub price ...

3 key factors driving European hub prices | 22 Oct, 2018

European hub prices have roughly doubled since Summer 2017 from 5 to 10 $/mmbtu (15 to 30 €/MWh).  Half of this price move has happened in a surge ...

Global gas market risk shifting to the upside | 08 Oct, 2018

Price behaviour is the most objective barometer of market balance.  And gas prices in 2018 are signalling a tightening market. Two price moves this y ...

Carbon surge driving up TTF & spot LNG prices | 17 Sep, 2018

A carbon price surge in Europe pulling up LNG prices in China? This may sound like a case of the butterfly effect. But the current tandem rise in carb ...

How fuel & carbon prices are driving switching | 10 Sep, 2018

Switching dynamics of gas for coal plant has been a key theme of this blog.  Power sector switching is one of three key mechanisms currently setting ...

European gas hub linkage to the LNG market | 27 Aug, 2018

LNG imports account for about 10% of European gas supply (~60 bcm in 2017). Remaining supply is split fairly evenly between domestic production (domin ...

European emissions: Germany in focus | 20 Aug, 2018

European carbon emissions have declined 10% over the last decade, mainly driven by a reduction in power plant emissions. Renewables have led policy ef ...

Global emissions: running to stand still | 16 Jul, 2018

Decarbonisation has rapidly become one of the driving forces of energy market evolution across the last decade. It is shaping the energy policy landsc ...