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The saying that ‘lightning never strikes the same place twice’ perfectly describes the impact of new lockdown on European gas market vs. the effect previous restrictions had on demand dynamics. Despite the common source of concern, market conditions now and then are very different from one another. For gas market, the specific nature of lockdown […]
Last week (47) brought some good news for natural gas, reports Greg Molnar. Sempra reached FID on its Costa Azul liquefaction plant in Mexico, the first and only LNG FID so far this year, but who is next? TAP pipeline started commercial operations after four and half years of construction works through a challenging terrain and offshore: […]
German LNG Terminal GmbH announced that it has received the draft exemption decision from the Bundesnetzagentur. The draft decision, to be reviewed by the Federal Cartell Office and the European Commission, states that the terminal will be exempted from tariff – and network access regulation on a long term basis and applies to the total […]
2020 is likely to become the first dry year in LNG investments for over two decades, with not a single project daring to take FID in the current market context. After a record year in 2019, when almost 100 bcm/year liquefaction capacity reached FID, with investments tallying up to over $50/billion, this year we saw […]
Market areas which provide access to pipeline gas flows and at the same time have a strong LNG infrastructure offer a great opportunity for supply source diversification, depending on the pricing environment. By starting 2020 with high pipeline imports under the LTAs, European market participants have significantly increased the share of spot LNG in their […]
(Timera) European domestic gas production is in terminal decline, accelerated over the last two years by earthquake related reductions in Dutch supply. Imports of Russian gas and LNG are the two key sources of incremental supply set to continue to fill the gap. Russian gas has gained significant market share across the last 5 years. […]
The low-price situation in the energy markets may put the profitability of the new renewable energy projects at risk. The experts agree that, while it will be difficult to see again the high levels of return of investment that were seen in the past, in the long term the projects remain profitable. This article is […]
There is every reason to define 2020 as one of the most unpredictable years for the European gas market. It is not merely a matter of absolute price changes throughout the year. The peculiar feature of 2020 is the dynamics of geographic spreads, and the loss of former premiums on PSV against VTPA and TTF […]
After the hefty gains of September, gas benchmarks continued their bull ride in October, climbing to above last year’s price levels. In Europe, TTF was up by 40% year-on-year, averaging at 4.8/mmbtu as demand continued to recover (+3%), whilst LNG imports plummeted by over 25% yoy. In Asia, JKM closed the month at $7/mmbtu, about […]