On Monday, Britain’s Centrica Storage announced that withdrawal capacity will be partially restored at the Rough gas storage facility this winter.
This means shippers will be able to withdraw more gas from the facility this winter than previously expected.
Innovation editor Silvia Molteni discusses the implications of the announcement and its impact on EU gas prices with gas expert Ben Samuel. The podcast can be found here.
The consortium backing the Nord Stream 2 natural gas pipeline this week withdrew an application for joint control of the project, following objections from the Polish Office of Competition and Consumer Protection. Tom Marzec-Manser, editor of European Spot Gas Markets, discusses the implication of this for the development of the project and its alternatives.
Despite annual maintenance at the Nord Stream pipeline that delivers Russian gas to Germany, short-term delivery contracts on the German gas hubs continue to fall. ICIS experts Ben Samuel and Marcello Kolax discuss the possibility of a bounce as the market moves into oversold territory.
A key shipping route, the Panama Canal, has expanded to provide LNG vessels with a shorter route between the Pacific and Atlantic oceans. ICIS energy experts Ben Lee and Ruth Liao discuss whether this route is likely to be used given the recent changes in LNG trade.
The future of the UK’s 3.2GW Hinkley Point nuclear power project looks uncertain as the government decided to delay construction approval. UK power reporters Ben Lee and Henry Evans discuss the potential impact of the decision and the controversy surrounding the project. Click this link to listen.
Volumes on the TTF curve have grown again during the second quarter of 2016, keeping the hub at the centre of European gas trade. Jake Horslen, an ICIS TTF expert, discusses the reasons behind the rise with Ben Samuel.
This week European energy markets have been reacting to news of an extended outage to the Rough storage facility in the UK, announced one week ago. Natural gas experts Ben Samuel and Thomas Rodgers discuss the news and its impact on prices, as well as what can be expected going into winter.