Week 11 – High pressure strongly developing west of the British Isles, favouring a cold north air advection over the entire continent. The coldest day will be Saturday 20th, with an anomaly reaching -8 to -10 degrees below normal in France and Germany. Very wet over the Mediterranean over the weekend. Generally dry anywhere else. […]
Even though there is little time left before the end of gas winter, weather has not yet said its last word. The latest increase in European heating demand has contributed to the rise in prompt gas prices, in turn helping to push up forward products. Colder temperatures, however, were just a pleasant addition to the […]
The green hydrogen revolution, a key part of the energy transition, will not only involve hydrogen, but a set of compounds and technologies capable of being energy vectors of the green hydrogen and that make its use possible in all those processes to be decarbonised in the industry, the transport and the economy in general. […]
The competition for summer LNG is heating up: TTF jumped above JKM for the first time since May last year. TTF prices gained almost 15% since the beginning of March, supported by a heavy maintenance schedule in Norway and the continuing carbon price rally, with ETS hitting an historical high of €41.5/tCO2eq. What does it […]
European spot gas prices were mixed yesterday, torn between conflicting fundamentals. Temperatures fell below normal, but they are expected to rise significantly from Thursday. On the pipeline supply side, due to maintenance works, Norwegian flows weakened yesterday, averaging 316 mm cm/day, compared to 323 mm cm/day on Friday. Russian flows were stable, at 323 mm […]
Week 10 will end with great instability in Northern and Central Europe as two intense Atlantic will hit the continent from midweek. Record wind generation levels expected in the UK, France and Germany, along with very heavy levels of precipitation. The weather pattern changes on week 11 as on Monday pressure starts to build west […]
Winter weather conditions have been more than favourable for the European gas market this year. In addition to several cold snaps, which resulted in a notable increase in residential and commercial heating demand as compared to early 2020, another important component of the weather factor has also played its part. The wind speed in the […]
Global gas prices up in all key markets: Polar vortices, strong demand growth boosted gas prices well above last year’s levels across all key gas demand regions. In the US, Henry climbed to an historical record of $23.96/mmbtu at the height of the big freeze and averaged at $5.4/mmbtu through Feb, its highest level since […]
The scheduled solar photovoltaic energy production in Spain reached a historical record in one hour of February 23. Although the real‑time data indicate that the registered production was lower, the levels were similar to those of some hours of May and September 2020, months in which the solar radiation is higher. The increase in photovoltaic […]