European gas and electricity markets in the fourth quarter of 2024 proved their resilience further by ensuring stable and secure energy supplies, strengthening market integration and continuing the increase in the share of renewables, while keeping prices in check, according to the new quarterly reports for both markets published today (March 31). Looking at the markets from October to December, […]
The potential for a ‘rebound’ or ‘return’ of Russian pipeline gas supplies to the European market has gained significant traction in the mainstream media in the past two months. But as this new paper by OIES explains there are several challenges and obstacles must be overcome. This paper explains the precise reasons for the decline in Russian pipeline supply to […]
What are the implications of different levels of U.S. LNG exports for the domestic and international markets? Prices converging across Europe and Asia indicate that the global LNG market is becoming increasingly fungible, which results in the elimination of long-run arbitrage opportunities between Europe and Asia. How important are oil market activities for U.S. gas market balance, and what does […]
UK gas demand fell by 2.8 per cent on 2023, again at similar levels to those last seen in the early 1990s. The fall in demand was driven by record low gas used for electricity generation falling 14 per cent on 2023, a low last seen in the mid-1990s. Demand by final consumers increased by 2.8 per cent, with domestic […]
Europe recorded its first weekend of gas storage injections amid milder weather, stronger renewables and of course lower demand on...
Each country is unique but some are a little bit more unique than others. In that sense, Italy really stands...
Ukraine gas storage levels dropped to a record low of just over 1 bcm of effective working gas left in...
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