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Higher cross border gas transport tariffs remain a worry for European gas market
Gas trading activity grew strongly in the first half of 2024 but cross-border gas transport tariffs have risen by around 40% over the past three years and could increase further amid declining demand for the fuel and reduced network use. The just published ACER report finds that despite supply uncertainty re-emerging, Europe avoided severe gas price volatility in Q3 2024. […]
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Ending Russian gas transit via Ukraine
On 1 January 2025, a major contract governing the transit of Russian gas through Ukraine will end, with significant implications for remaining Russian gas exports to some European Union countries. To begin with, the EU would need an additional import of 140 TWh annually from other sources The end of the transit contract will mark an important shift because gas […]
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Protecting the UK from a future energy crisis
The gas crisis had a catastrophic impact on some households and businesses. The UK lacked a well-prepared plan to cope with the sustained price spikes and potential supply disruption, including a lack of gas and renewable power storage. Whilst the UK is ahead of other countries in battery storage, gas reserves pale in comparison. The Rough gas storage facility was […]
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Energy: key to understanding the Turkey-Russia relationship
If energy has traditionally been one of the main axes of cooperation between Ankara and Moscow, its importance has increased exponentially since Russia’s invasion of Ukraine. In the course of the last two years, Turkey has become the world’s third-largest consumer of Russian fossil fuels. With Gazprom’s transit agreement with Ukraine ending in 2024, the pipelines that go through Türkiye […]
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INFRASTRUCTURE
EU and UK gas storage saw a single day of net withdrawals
It appears that last week EU and UK gas storage saw a single day of net withdrawals due to the...
Natural gas prices move in different directions across regions
Gas prices moved into different directions across regions, with geopolitics fuelling volatility in Europe and pipeline constraints driving negative prices...
European gas storage sites reach 90% fill levels
EU storage sites just reached 90% fill levels, more than two months ahead of the official target date of 1...
European gas market reports, presentations & analysis.
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