Subscribe  Log in | Register | Advertise | Digital Issue   |   Search
  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
  • Licensing rounds
Search
Related Articles
Germany acquires three LNG carriers
The government has assumed control of at least three LNG vessels that were chartered to a Gazprom subsidiary
Kwarteng considers accelerating UK gas quality relaxation
Minister may override for now a consultation process being run by the country’s health and safety authorities
Iran casts shadow over Kurdish gas aspirations
The Kurdistan region is facing political and military challenges as efforts to appoint a government in Baghdad descend further into chaos
Japan faces energy supply crisis
The import-dependent nation is increasingly reliant on expensive spot LNG cargoes
Ottawa’s East Coast LNG export support comes with strings
The federal government looks likely to put stringent conditions on projects aiming to alleviate Europe’s gas crunch
Iran unlikely to prove a gas saviour
Any hopes that the Mideast Gulf state could increase production and exports to help ease the global shortfall are misplaced
Goldboro LNG gets back on track
Renewed appetite for quick solutions to get gas to Europe has combined with a more scalable solution to revitalise liquefaction ambitions
Ineos aims to close US-Europe energy costs gap
The chemicals heavyweight is trying to bring to LNG the model it has already rolled out in petchems feedstocks
EnBW and Ineos deals see Europe close its LNG term contract gap with Asia
The continent’s post-Ukraine agreements are still less than Asian buyers and portfolio players
More IOCs jump on board Qatar’s new LNG trains
QatarEnergy has doled out another 12.5pc of NFE equity
TTF prices have spiked this week
Russia Europe US Gas LNG Natural Gas markets Gazprom
Peter Ramsay
Editor-in-chief
16 June 2022
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

Supply blows rock European gas market

Russian reductions compound US LNG outage as continent seeks relief in the short and longer term

Russian state-controlled gas firm Gazprom has roiled the European market by announcing two cuts to maximum flow levels through its Nord Stream 1 pipeline this week, citing compressor issues. The supply reductions come on the back of a cut in US LNG export capacity due to a fire at the Freeport LNG export facility on Texas’ Gulf of Mexico coast. The benchmark northwest Europe TTF front-month contract on the Ice exchange jumped by almost 45pc in just two trading days, from €83.40MWh ($86.90/MWh) on Monday to over €130/MWh by the end of Wednesday, before rising further to €145/MWh+ in Thursday morning trade. In the wake of mounting supply concerns, Centrica—the UK’s largest gas utility—has stru

Welcome to the PE Media Network

PE Media Network publishes Petroleum Economist, Hydrogen Economist and Transition Economist to form the only genuinely comprehensive intelligence service covering the global energy industry

 

Already registered?
Click here to log in
Subscribe now
to get full access
Register now
for a free trial
Any questions?
Contact us

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Letter from Beijing: Refiners hoping for summer rebound
Opinion
30 June 2022
Easing of Covid restrictions looks set to lead to surge in domestic travel
South Africa and Mozambique pre-empt pipeline stake sale
30 June 2022
The African neighbours plan greater gas supply cooperation
Germany acquires three LNG carriers
30 June 2022
The government has assumed control of at least three LNG vessels that were chartered to a Gazprom subsidiary
Kwarteng considers accelerating UK gas quality relaxation
30 June 2022
Minister may override for now a consultation process being run by the country’s health and safety authorities

Share PDF with colleagues

COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Send
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
  • Twitter
Tweets by Petroleum Economist
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2022 The Petroleum Economist Ltd
Cookie Settings
;

Search