Continental gas market

European midstream gas infrastructure in focus | 26 Jun, 2017

Midstream gas assets are coming back into focus after a lull across the first half of this decade. A 20% decline in European gas demand between 2010 a ...

Europe providing global gas supply flexibility | 19 Jun, 2017

Asia dominates global LNG demand. The US and Australia are challenging the Middle East for domination of global LNG supply. But it is Europe that has ...

Options confronting gas storage owners | 12 Jun, 2017

Seasonal storage operators across Europe are confronting a harsh reality. Many slower cycling seasonal storage facilities are not economically viable ...

Impact of the approaching LNG supply wave | 08 May, 2017

Supply growth from new LNG projects has to date been on something of a ‘rolling delay’. Project execution slippage and start-up/commissioning prob ...

How higher coal prices support gas hub prices | 03 Apr, 2017

European gas demand fell by approximately 20% over the first five years of this decade.  But 2016 marked a turning point, with demand (including Turk ...

Power sector switching, gas hub prices & volatility | 20 Mar, 2017

In early 2016, the idea of a significant recovery in CCGT load factors at the expense of coal plants was treated with a degree of scepticism. CCGT loa ...

US export flows, the supply glut and Europe | 13 Mar, 2017

The Sabine Pass terminal exported its first cargo in Feb 2016.  This marked the start of a new era of US gas exports, an almost unthinkable developme ...

Relative pricing dynamics driving European gas hubs | 27 Feb, 2017

A number of interesting dynamics have emerged in the European gas market over the last twelve months. On the supply side, relatively low LNG import ...

Winter LNG spot price volatility | 20 Feb, 2017

Global LNG spot prices have been relatively subdued over the past two winters.  Increases in global liquefaction capacity and weaker demand have kept ...

The impact of LNG imports on hub price volatility | 23 Jan, 2017

After 5 tough years, a glimmer of hope emerged for gas storage operators in 2016. Spot price volatility at European hubs started to show signs of a mo ...

Progressing up the mountain of LNG | 16 Jan, 2017

The LNG market is in the earlier stages of an unprecedented ramp up in supply. Global liquefaction capacity is set to rise by more than 50% by 2022. 2 ...

Revisiting our 5 surprises for 2016 | 12 Dec, 2016

‘We are fairly confident of one thing.  2016 will not be a dull year.’ This was our concluding statement from an article published on the Feb ...

Volatility has a gas price anchor | 05 Dec, 2016

European spot gas price volatility has been in structural decline since the middle of last decade.   Volatility levels above 200% in the UK gas mark ...

Global gas price convergence: state of play | 28 Nov, 2016

A cold start to the northern winter is breathing some life back into global gas prices. There has been some excitement this month as Asian spot LNG pr ...

Long term contracting to support asset financing | 24 Oct, 2016

Infrastructure investors are set to feature as prominent buyers of conventional supply assets, as utilities ramp up asset sales in Europe. European ut ...

The impact of rising coal prices | 17 Oct, 2016

2016 has delivered its fair share of commodity market surprises. But none have been more unexpected than the sharp recovery in coal prices.  European ...

Gas rebalancing 2: the path to price recovery | 10 Oct, 2016

The first half of this decade saw an LNG investment boom.  High gas prices and optimistic Asian demand projections supported a flood of Financial Inv ...

Gas rebalancing 1: Clearing the global gas glut | 03 Oct, 2016

The global gas market has been shocked by the pace and scale of transition from boom to bust. At the beginning of 2014 suppliers were paying a lofty 2 ...

Evidence of a 2016 recovery in gas price volatility | 26 Sep, 2016

Prompt gas price volatility is the key market price signal for short term supply flexibility response.  Volatility plays a key role in determining th ...

Continental generation margins: Gas is back | 05 Sep, 2016

‘Positive baseload generation margins for German CCGTs?  That’s not possible!’ Exclamations such as this have echoed across European power m ...

Utility asset sales: where are the value opportunities? | 18 Jul, 2016

The article below is our last before the summer break.  We will be back with more in late August. Three weeks ago we set out the case for an unpre ...

LNG imports & European gas pricing dynamics | 27 Jun, 2016

The role of LNG imports into Europe is changing as the result of an oversupplied global gas market. Higher LNG flows into Europe are set to erode the ...

European utility asset sales are ramping up | 20 Jun, 2016

European utilities have taken a battering so far this decade. Most utilities are suffering balance sheet hangovers from a pre financial crisis spate o ...

Has the 2016 commodity price recovery got legs? | 13 Jun, 2016

Crude oil has doubled in price since February.  The rally in oil has coincided with a broader recovery in global commodity prices including coal.  H ...

Gas vs coal switching in Europe: numerical analysis | 06 Jun, 2016

Over the 2016-19 period, LNG liquefaction capacity under construction is set to increase global LNG supply by approximately 150 bcma. Current rates of ...