Hungry for gas: gas storage sites are ending the heating season with inventories well below last year’s levels, suggesting strong injection demand across the gas summer. In Europe, strong demand growth through the heating season (over 5%) together with a steep decline in LNG imports (down by ~30%) prompted strong storage draws, increasing by over […]
European gas market was no less dynamic in the late winter than in the previous two months, to say the least. Weather influence on prices predictably declined at the end of Q1 as compared to Jan and Feb, while the low stocks in the UGSs began to loom large in Mar. Gas volumes was being […]
The arrival of the spring and with it the increase in temperatures and solar energy production favoured the decrease in prices in most of the European markets in the fourth week of March. During the weekend, several markets registered negative hourly prices. The downward price trend will continue at Easter. On the other hand, the […]
European gas prices increased again yesterday (March 31), supported by forecasts of lower temperatures from tomorrow with levels expected to drop significantly below normal next week. While European storage sites flipped to net injection mode on 26 March, this could force them to return to a withdrawal mode. With European stocks only 30% full on […]
UK gas and power market insight: The April 2021 Gas rose 12.3% to 48.39 p/therm last week as a shipping vessel ran aground in the Suez Canal causing major disruption and delays to LNG deliveries. Meanwhile, scheduled maintenance at UK and Norwegian gas production facilities reduced imports further. This disruption outweighed the effect of unseasonably […]
Hungry for gas: gas storage sites are ending the heating season with inventories well below last year’s levels, suggesting strong injection demand across the gas summer. In Europe, strong demand growth through the heating season (over 5%) together with a steep decline in LNG imports (down by ~30%) prompted strong storage draws, increasing by over […]
The coming gas summer must be fundamentally different from the one of 2020. Europe’s storages are less than 30pc full in late Mar, for the first time in three years. Excluding 2019 and 2020, which stand apart with extremely high gas inventories, the regional UGSs became on average 86pc full at the end of 2014-18 […]
Guess who is back: after a steep fall during the winter, European LNG import flows are now climbing to above last year levels amidst tight JKM-TTF spreads. European LNG imports took a steep dip during this heating season, falling by about 40% yoy between October-Feb, with LNG cargoes increasingly diverted to the Asia Pacific region […]
The week of March 15, the prices of almost all the European electricity markets analysed at AleaSoft increased compared to those of the previous week. The exception was the MIBEL market of Spain and Portugal, with a decrease of 29%. On the other hand, the largest price increase, of 54%, was that of the EPEX […]