European Gas Hub
No Result
View All Result
  • Premium Content
    • All
    • Coal Market
    • European Energy Policy
    • European Gas Pipeline Infastructure
    • European Gas Prices
    • European Gas Storage
    • European Gas Supply & Demand
    • LNG
    • Russia
    • Unconventional Resources
    • Hydrogen
    • European power generation
    • Other
  • Blog
  • Events
  • Industry Links
    • Industry Association
    • Research Institute / Think Tank
    • Regulatory Body
    • Government Body
    • Consultant
    • Gas Prices
  • Videos
  • Other Hubs
    • GLOBAL LNG HUB
    • GLOBAL MARITIME HUB
    • THE COAL HUB
    • GLOBAL HYDROGEN HUB
  • FREE TRIAL
  • My account
  • Login
FREE TRIAL
  • Premium Content
    • All
    • Coal Market
    • European Energy Policy
    • European Gas Pipeline Infastructure
    • European Gas Prices
    • European Gas Storage
    • European Gas Supply & Demand
    • LNG
    • Russia
    • Unconventional Resources
    • Hydrogen
    • European power generation
    • Other
  • Blog
  • Events
  • Industry Links
    • Industry Association
    • Research Institute / Think Tank
    • Regulatory Body
    • Government Body
    • Consultant
    • Gas Prices
  • Videos
  • Other Hubs
    • GLOBAL LNG HUB
    • GLOBAL MARITIME HUB
    • THE COAL HUB
    • GLOBAL HYDROGEN HUB
  • FREE TRIAL
  • My account
  • Login
European Gas Hub
No Result
View All Result
Home Gas Prices

Gas fired generation soars despite record gas prices

Editor by Editor
1 year ago
Reading Time: 1 min read
Gas fired generation soars despite record gas prices
Share on FacebookShare on TwitterShare on Linkedin

European gas-fired generation soared since July despite record high gas prices and rapidly tightening Russian supply.

RELATED POSTS

European gas storage

Ukraine emerging as largest driver for European gas storage

23 hours ago
natural gas prices

Review of last week’s global natural gas and LNG prices

3 days ago
TTF prices

Australian strike worries still driving TTF price

1 week ago

Preliminary data indicates that EU+UK gas-fired generation was up by a stunning 25% yoy since July.

The strong call on gas-fired power plants is driven by several, mainly weather-related factors:

(1) feeling the heat: Europe’s burning heatwave is driving up aircon demand, adding to electricity consumption;

(2) down the drought: hydro generation is down both in Southern Europe and in Scandinavia;

(3) low Rhine levels are adding pressure on coal logistics in Germany;

(4) French nuclear worries: outages, maintenance and inspection are driving down French nuclear output to decade lows.

In essence, Russia’s supply squeeze (flows down by 70% yoy these days) coincides with a surge in gas-to-power demand.

This also highlights, that there is practically no flexibility left in the European power sector, as fuel-switching potential has been gradually eroded through the last few decades.

Today, almost all of Europe’s demand-side flex comes from industry: industrial gas demand is down by an estimated 20-25%.

Most worrisome is that around 70% of Europe’s fertilizers production is already curtailed.

This certainly helps to save gas and fill-up storages, but is likely to exacerbate the food supply crisis…

What is your view? How will the European market evolve in the coming months? Will gas burn in the power sector remain high over the winter?

Source: Greg MOLNAR

Tags: European gas security of supplyEuropean power sectorgas fired generationGreg MolnarIndustrial gas demandRussian gas exports
Editor

Editor

Related Posts

European gas storage
Gas Prices

Ukraine emerging as largest driver for European gas storage

23 hours ago
natural gas prices
Gas Prices

Review of last week’s global natural gas and LNG prices

3 days ago
TTF prices
Gas Prices

Australian strike worries still driving TTF price

1 week ago
gas-storage
Gas Prices

Central Europe’s premium shrinks as little space in gas storage remains

1 week ago
TTF gas prices
Gas Prices

Volatility and nervous sentiment continues for European gas prices

2 weeks ago
European-industrial-gas-demand
Gas Prices

European industrial gas demand shows signs of recovery

2 weeks ago

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result

Trending Posts

TTF gas prices

Volatility and nervous sentiment continues for European gas prices

2 weeks ago
European-gas-storage

European gas storage fills up but no guarantee against winter volatility

1 month ago
TTF prices down by 20% as Australian strikes averted

TTF prices down by 20% as Australian strikes averted

4 weeks ago
Load More

Recent Post

European gas storage

Ukraine emerging as largest driver for European gas storage

23 hours ago
natural gas prices

Review of last week’s global natural gas and LNG prices

3 days ago
TTF prices

Australian strike worries still driving TTF price

1 week ago
Load More

European Gas Hub is an online platform for sharing analysis and information about European natural gas markets more info

Categories

  • European Gas Prices
  • Energy Policy
  • European Gas Infastructure
  • European Gas Storage
  • Coal Market
  • Supply & Demand
  • Gas Supply & Demand
  • LNG
  • Other
  • Unconventional Resources

Recent Posts

Ukraine emerging as largest driver for European gas storage

Review of last week’s global natural gas and LNG prices

Australian strike worries still driving TTF price

Energise your Tuesday!

Sign up to receive our weekly newsletter with new European gas market reports, presentations & analysis. Every Tuesday.

By signing up, I agree to our TOS and Privacy Policy.

© 2020 EuropeanGasHub | All Rights Reserved

No Result
View All Result
  • Premium Content
    • All
    • Coal Market
    • European Energy Policy
    • European Gas Pipeline Infastructure
    • European Gas Prices
    • European Gas Storage
    • European Gas Supply & Demand
    • LNG
    • Russia
    • Unconventional Resources
    • Hydrogen
    • European power generation
    • Other
  • Blog
  • Events
  • Industry Links
    • Industry Association
    • Research Institute / Think Tank
    • Regulatory Body
    • Government Body
    • Consultant
    • Gas Prices
  • Videos
  • Other Hubs
    • GLOBAL LNG HUB
    • GLOBAL MARITIME HUB
    • THE COAL HUB
    • GLOBAL HYDROGEN HUB
  • FREE TRIAL
  • My account
  • Login

© 2020 EuropeanGasHub | All Rights Reserved

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Cookie settingsACCEPT
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT

Energise your Tuesday!

SIGN UP to receive our weekly newsletter with new European gas market reports, presentations & analysis. EVERY TUESDAY!