European gas market

The decarbonisation tipping point? | 14 Oct, 2019

‘tipping point’: the point at which a series of small changes or incidents becomes significant enough to cause a larger, more important change. ...

Gaining an edge: LNG portfolio analysis | 07 Oct, 2019

Commercial evolution of the LNG market has accelerated over the last three years. This is the result of new and more flexible sources of supply.  But ...

European gas storage value is recovering | 30 Sep, 2019

Three structural drivers are tightening the gas flexibility balance across Europe: Rising import dependency: resulting in a reliance on longer &a ...

German & Dutch CCGT value case | 23 Sep, 2019

Between 2005-10 there was a mini boom in CCGT investment in Germany and the Netherlands. These projects reached FID against a backdrop of relatively h ...

Inter-market shock roils power, TTF & JKM | 16 Sep, 2019

In our snapshot column last week we flagged a huge rally in power & gas forward curves. The move was driven by three announcements that surprised ...

Asian LNG demand stalls in H1 2019 | 26 Aug, 2019

For several years we have framed the evolution of the LNG market supply & demand balance around one key driver: Asian demand growth. The ability o ...

Will European gas prices recover or ‘snowplough’? | 15 Jul, 2019

Time for a simple thought experiment.  If you had a ‘one shot’ chance to gaze into a crystal ball and see the evolution of one energy market driv ...

FX movements driving energy prices | 08 Jul, 2019

Global trade & geo-political tensions have been steadily rising this year. For example the US-China trade war (& broader power struggle behind ...

Resurgence in UK gas storage value | 24 Jun, 2019

Investment in gas storage, like most energy asset classes, has strong cyclical dynamics.  Storage cycles are reinforced by relatively long project co ...

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 ...