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
  • Newsletter
  • Videos
  • Other Hubs
    • GLOBAL LNG HUB
    • GLOBAL MARITIME HUB
    • THE COAL HUB
  • Subscribe
  • My account
  • Login
SUBSCRIBE
  • 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
  • Newsletter
  • Videos
  • Other Hubs
    • GLOBAL LNG HUB
    • GLOBAL MARITIME HUB
    • THE COAL HUB
  • Subscribe
  • My account
  • Login
European Gas Hub
No Result
View All Result
Home Supply and Demand

The focus shifts to Winter 2023

Editor by Editor
5 months ago
min read2 min
European-gas-prices
Share on FacebookShare on TwitterShare on Linkedin

This week, prompt contracts at key European gas hubs lost about 40pc in value. This substantial price decline, however, should not mislead anyone, since the TTF Day-Ahead is still more than eight times above the 2011-21 average. Further out on the curve products, among which is the Calendar 2023, are no different.

RELATED POSTS

gas-demand

Prospects for European industrial gas demand

3 weeks ago
Global gas supply set to tighten further in 2023

Global gas supply set to tighten further in 2023

4 weeks ago
European LNG imports rise to over 111 Million tonnes

European LNG imports rise to over 111 Million tonnes

1 month ago

The Front-Year contract closed higher than the Day-Ahead on Friday, for the first time since the very beginning of June 2022. This was largely caused by higher volatility on the front end of curve in late August – early September, but instead of searching for reasons that can explain the fall in near-curve contracts it is much more important to shift focus onto the 2023 products.

While the TTF prompt prices declined by approximately 10pc over the last month, the Front-Year contract, in contrast, rose by the same amount between 1 August and 2 September 2022. Fundamentally, the rise in curve products can be perfectly well understood. After all, even if the coming winter months will be warm enough, shippers should inject significant, if not record, amount of gas into the underground storages during summer 2023. Otherwise, the 2023-24 heating season risks becoming incomparably more serious test for the continent’s energy system than the next six months.

The European natural gas market has found itself in a situation where both winter and summer ‘components’ provide strong support to the Front-Year contract. At the same time, as winter approaches, players’ concerns over supply/demand fundamentals are gradually moving forward along the curve – away from the 2022-23 winter period towards summer 2023.

It is becoming increasingly clear that, given strong injection rates throughout the whole summer period of 2022 and with industrial gas consumption falling to multi-year lows, market participants will somehow manage to get through this winter.

But there is much less certainty about how things will unfold during the injection season of 2023. Nothing surprising about that: players will have much less room for reducing gas demand further and it is hardly possible to predict developments on the supply side.

Source: Yakov Grabar (LinkedIn)

Tags: coal fired generationEuropean gas pricesLNG terminalsTTF pricesYakov Grabar
Editor

Editor

Related Posts

gas-demand
Supply and Demand

Prospects for European industrial gas demand

3 weeks ago
Global gas supply set to tighten further in 2023
Gas Prices

Global gas supply set to tighten further in 2023

4 weeks ago
European LNG imports rise to over 111 Million tonnes
LNG

European LNG imports rise to over 111 Million tonnes

1 month ago
Chinese-LNG-demand
Supply and Demand

Chinese LNG demand: the great unknown for 2023

2 months ago
Russian LNG exports to Europe by destination
LNG

Russian LNG exports to Europe by destination

2 months ago
Gazprom’s 100 bcm drop
Gas Prices

Gazprom’s 100 bcm drop

2 months ago

Leave a Reply Cancel reply

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

Trending Posts

European-gas-storage

The true value of European gas storage

2 weeks ago
European gas prices drop to pre-war lows

European gas prices drop to pre-war lows

4 weeks ago
gas-prices

International natural gas prices – Cedigaz

4 weeks ago
Load More

Recent Post

Global-gas-price

Global gas price correlation remained strong in 2022

5 days ago
European-gas-storage

The true value of European gas storage

2 weeks ago
European gas storage spreads normalise

European gas storage spreads normalise

2 weeks 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

Global gas price correlation remained strong in 2022

The true value of European gas storage

European gas storage spreads normalise

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
  • Newsletter
  • Videos
  • Other Hubs
    • GLOBAL LNG HUB
    • GLOBAL MARITIME HUB
    • THE COAL HUB
  • Subscribe
  • 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!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?