European gas faces more winter price weakness
The impact of further pandemic lockdowns is compounding an already bearish outlook
The benchmark Dutch TTF price recovered strongly in the third quarter of 2020 and has largely held onto those gains for now. But analysts warn that Europe could still see another winter of low gas prices, particularly given the risk posed by further lockdowns to tackle new waves of Covid-19 infections ahead of any widespread rollout of vaccination programmes. Gas demand in Europe recovered in June and through the third quarter, after falling by over 11pc—or 10bn m³—between early March and end of May, mainly due to drops in industrial and power generation requirements, Gergely Molnar, a gas analyst at the IEA, told Petroleum Economist’s LNG-to-Power Emea forum in early November. Industrial ga
Also in this section
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks
