Subscribe  Log in | Register | Advertise | Digital Issue   |   Search
  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
Search
Related Articles
Greater Tortue Ahmeyim FPSO sets sail
The LNG project’s vessel is due to arrive in the second quarter
Letter from Europe: Politicians must be braver
Energy’s economic, geopolitical and climate challenges require the continent’s decision-makers to step up
Aussie gas industry calls for intervention clarity
New guidelines fail to quell industry criticism, while the prevalence of long-term contracts and Australia’s geography limit the efficacy of the reforms
Alberta’s Sovereignty Act stokes controversy
Supporters say the act will deter Ottawa from introducing further legislation affecting oil and gas, while opponents say it creates uncertainty that will harm investment
Letter from India: Russian imports remain dominant
India’s newfound reliance on discounted Russian crude continues to grow
Headwinds threaten Haynesville growth
Output from the play set for slowdown as pipeline bottlenecks loom and operators remain cautious
Europe prepares for Russian product import ban
The European products market is the latest battlefield in the conflict between Moscow and the West
LNG faces growing shipping constraints
New regulations are likely to restrict an already limited pool of vessels capable of transporting gas
Alaska LNG advances on energy security concerns
The supply shock caused by Russia’s invasion of Ukraine could push the long-delayed liquefaction project across the finish line
Confidence and fear in Adnoc’s new upstream plan
The Emirati heavyweight’s five-year investment blueprint calls for an accelerated oil and gas capacity ramp-up
Europe Gas LNG Natural Gas markets Storage Russia Germany Italy France
Peter Ramsay
Editor-in-chief
23 August 2022
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

Storage disincentives and regional dislocations roil European gas trading

The loss of Russian volumes has made for unusual market conditions

Record-breaking prices are not the only manifestation of disturbance at Europe’s gas trading hubs. The imposition of minimum storage levels requires injections but at the same time risks undermining the market economics of injecting. And attempting large-scale replacement of pipeline gas from the east with LNG from the west has highlighted previously unapparent bottlenecks in the European system that have caused locational price spreads to blow out, at times in entirely the opposite direction from their prevailing relationship. “The seasonal shape of the curve has been completely erased,” says Natasha Fielding, head of Emea gas pricing at price reporting agency Argus Media. By that, Fielding

Welcome to the PE Media Network

PE Media Network publishes Petroleum Economist, Hydrogen Economist and Carbon 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
Serica faces ‘aggressive’ questioning on Tailwind deal
26 January 2023
The UK-focused producer is finding shareholders disgruntled by its latest proposed M&A
Energean not holding breath on East Med FLNG
26 January 2023
Potential beneficiary of LNG export solution at Leviathan is only cautiously welcoming
Capricorn resignations a blow to Newmed merger plans
26 January 2023
The disputed deal is playing out in public, as Capricorn’s board and activist shareholders Palliser both issue statements and rebuttals
Greater Tortue Ahmeyim FPSO sets sail
25 January 2023
The LNG project’s vessel is due to arrive in the second quarter

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 © 2023 The Petroleum Economist Ltd
Cookie Settings
;

Search