Who let the bulls out? Commodity prices have been on a massive ride since November last year, climbing to well above their 5y averages by May, from historical lows just a year ago. A couple of highlights: 1. EU carbon prices jumped to above €50/t, their highest level on record, amidst more ambitious climate targets; […]
Among all commodities, carbon has taken centre stage this month. May ‘21 will go down in history because EUA price hit the level of €50/tCO2, which is a milestone for the whole energy market whose full repercussions have yet to be felt. Carbon price rally is just gaining momentum, and, in that context, the room […]
The June 2021 Gas price rose by 1.6% to 61.23p/therm last week as EU gas storage has continued to fall to 30%, due to increased demand throughout the start of May as temperatures remain below seasonal normal levels. UK gas storage has also continued to fall to 5% of capacity, the lowest level since April-2018 following the […]
Caroline Aumeran, Head of appygas, participated in a webinar from Route4Gas on 28 January to discuss the main factors surrounding gas transmission within today’s gas market today, and how they will change. Sixty percent of long-term gas contracts are set to expire by 2028, ACER reports. This number may come as a surprise; however, large […]
A tighter summer gas market is shaping up, with all gas benchmarks recording strong gains in April and heading to multi-year highs. In the US, #Henry jumped by an impressive 48% yoy, despite domestic consumption falling more steeply than production. however, prices gained support from LNG exports ramping up by almost 50% yoy, driving up […]
Behind the sharp rise in European gas prices over the past few weeks, gas demand jumped to record highs in Apr-21. Unseasonably cold temperatures were the main driver, but industrial demand was back to its Apr-19 level as well. In the meantime, Asian LNG imports jumped by 11% yoy in Apr-21, mainly driven by a […]
The June 2021 Gas price rose by 16.6% to 60.24p/therm last week as UK gas storage reaches critically low levels, currently sitting at 7.6% of capacity. With the UK gas system expected to remain short over the next few days there are concerns of gas shortages, which is driving up the price. The price of […]
The great recovery: European gas demand jumped by a staggering 45% in April, its steepest yoy increase on record. Cold April temperatures, the coldest in 35 years according to measurements at De Bilt, propelled residential and commercial gas consumption, increasing by over 50% yoy on higher space heating requirements. Colder temperatures together with recovery in […]
This week, another tanker has arrived at the Krk LNG Terminal. The 63kt cargo delivered to the installation became just the fifth one since Jan, but even that quantity is enough to provide an understanding of how the global LNG market evolved in the first four months of ‘21. The Croatian FSRU became operational at […]