On Europe´s gas storage situation, role in price determination, and winter price outlook
The EU is poised to reach 80% average gas storage fill level this week, and at the current injection rates even 90% by 1 October. …
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The flexing of muscles in Russian-European gas relations – A snapshot perspective
European natural gas prices have literally risen exponentially since May 2020 (sauf a winter bump), and are now at 23 USD/MMBtu, a massive 75% over…
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An oil and gas industry letter home at the end of the year
“From Shell shock, to Total encore and the resolution of the strategic Enigma.” At the tail end of 2017, oil prices are back to a…
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LNG ADPs 2018-20: Surplus vs Strategy
The next three years will see 30+ mt annual firm increases in LNG capacity and a large supply overhang. Only major utilisation of spare regasification…
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A Yuletide review of energy
Yule means wheel and the mid-winter start of a new cycle. 2016 is drawing to a close and energy markets approach normalcy again. After a tumultuous period…
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Choosing your shade of green
“It’s not easy being green”, a frustrated Kermit the frog famously sang back in 1994. After deep reflection he nevertheless concluded “… but I think…
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Japan Crude Coctail forever?
Asian interest in breaking the traditional link between LNG import prices and crude oil has been intense for several years. Initiatives to establish regional hubs…
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Killing king coal – An optimistic scenario for natural gas
After several years of struggle, natural gas is again “in merit” in marginal price terms in broad parts of Europe and in the rest of…
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Ukrainian and Crimean crisis – European energy policy and market effects
The complex Ukrainian and Crimean situation has an abundance of Cold War, WW2, and maybe even Ottoman Empire parallels, leading back to the early days…
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Power market uncertainties for LNG and oil in Japan
It is now just over two years since the Fukushima Dai-Ichi nuclear power plant disaster in Japan. The temporary or permanent closing of nuclear power plants…
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Energy Perspectives – World Energy Balances and Outlook to 2031
We forecast that the world’s primary energy consumption will rise by 14.2% to year 2031 compared to 2011. Associated CO2 emissions increase by 7%. These numbers…