In recent months, the attention of players in the European gas market has been understandably focused on Russian supplies. People living in Mallnow on the German-Polish border could hardly have imagined that their village would become the key point on the continent’s energy map for some time. The reality is that the Yamal pipeline flows […]
The European power spot prices faded further yesterday, weighted by forecasts of rising wind and hydro generation, although the stronger power demand expected today might have limited the losses. The day-ahead prices averaged 175.65€/MWh in Germany, France, Belgium and the Netherlands, -10.30€/t day-on-day. Buoyed by the rising gas prices amid low Russian supply, the carbon […]
Play hard, party hard: gas benchmarks embarked on a wild volatility ride this October, hitting all-time highs both in Europe and Asia. In Europe, TTF prices exploded hitting an historic intra-day high of $54/mmbtu in the beginning of the month, while averaging at $30/mmbtu over the month -up by 40% compared to its September levels. […]
The storage paradox strikes back: while gas storage is high on the agenda, and everyone is realizing its value ahead the heating season, its market “valuation” turned into deep negative in recent weeks. seasonal price spreads on TTF, the difference between winter and summer contracts, dropped to below €1/MWh for the front Gas Year. the […]
Europe’s October LNG imports have recovered to the level not seen since May. US plants accounted for most of the increase, with a twofold rise in their loadings to the European terminals compared to the previous month. However, the inflows from the US could have been even greater if spot cargoes had not been in […]
‘No Country for Old Men’, regarded as one of the greatest Coen brothers’ movies, contains a scene that might look ordinary on the surface but actually it is filled with deep meaning. Towards the end of the film, Sheriff Ed Tom Bell, portrayed by Tommy Lee Jones, feels distracted by all the violence he has […]
Leading up to the weekend, European gas prices had eased into the low $30’s per MMBtu on expectation of supply increases from Russia that could begin to provide greater balance to the market. However, those hopes were dashed today when the results of Gazprom’s capacity auction indicated that Russia currently has no intention of increasing […]
European gas prices were mixed yesterday, torn between concerns on Russian supply after auction results for November gas transport capacity indicated that Gazprom did not intend to increase its deliveries via Ukraine and Poland (see news) and profit taking. Asia JKM prices (-2.09%, to €105.358/MWh, on the spot; +0.21%, to €100.933/MWh, for the December 2021 […]
Here we go, the grace period is over: European storage sites turn to net withdrawals, 8 days before the 5-year average. While the official start of the European heating season is the 1st October, there is typically a few weeks of grace period: if the weather is mild and supply is available some additional gas […]