European energy traders association Efet has called for more flexible Italian gas storage rules, and September could be a good time to test this idea.
Italy could struggle to meet consumption during planned Tag pipeline maintenance on 25-29 September, unless LNG imports are high or storage withdrawals are permitted.
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.
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.
This is the first of a series of blogs using data from Argus Data and Downloads, which are available to Argus Direct subscribers here.
Two stories at the start of July pointed to a large increase in Europe’s gas supply this summer and talk of a “price war”.
European LNG sendout in the second quarter rose to the highest in several years, while Russian exporter Gazprom’s sales in April-June were a record for the second quarter.
Well, it’s been a bit hectic on the LNG desk this past week. And that’s the question we’ve been asked the most.
Along with: “Can Qatari LNG tankers use the Suez Canal?”, “How is it impacting the LNG market?”, and “What else do I need to know?”
And my personal favourite: “Can you explain the situation to me in less than 10 seconds?”
Well, I’ll try. But it is fair to say that we don’t have all the answers. And it will definitely take longer than 10 seconds.