LNG and Algerian gas compete for southern Europe

This is the third in a series of blogs using data from Argus Data and Downloads, which are available to Argus Direct subscribers here.

European LNG supply has risen to the highest in recent years, but when looking at the breakdown of sendout by country it is much too early to call it a “wave”.

The increase so far this summer has come from countries mostly outside the liquid hubs of northwest Europe. Instead of being dumped in northwest Europe, LNG has been competing with Algerian pipeline gas in Italy and Spain.

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Gazprom’s budget constraints drive sales

This is the second in a series of blogs using data from Argus Data and Downloads, which are available to Argus Direct subscribers here.

Yesterday’s blog analysed the recent increase in Russian producer Gazprom’s exports to Europe, despite weaker prices. But it is not only Gazprom that has an unorthodox supply curve — you and I do too.

There are some similarities to the backward bending labour supply curve. People at first try to work more as wages go up, but once income reaches a certain level they will start cutting hours to free up leisure time.

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