The EU weans itself off Russian gas
The European Union has drastically cut its reliance on Russian gas, the future for which is bleak as the bloc enacts policies to cease gas imports from Russia altogether.
Read MoreThe European Union has drastically cut its reliance on Russian gas, the future for which is bleak as the bloc enacts policies to cease gas imports from Russia altogether.
Read MoreNorway has an opportunity to become the biggest supplier of gas to Germany before the end of the decade amid deteriorating relations between the European Union and Russia.
Biting energy inflation looms large for German consumers during the upcoming winter as the country’s gas supply crunch worsens.
LNG will further lose price competitiveness in the EU market, providing an opportunity for pipeline natural gas suppliers like Russia to bolster market share.
A lack of affordable spot LNG during the 2020-2021 winter has given France yet another reason to further diversify its energy portfolio away from natural gas.
The north-western part of Italy risks facing supply tightness during the 2020-2021 gas withdrawal season despite the country having near-full gas inventories.
Demand for LNG in Spain is on the rise even though the country’s total gas consumption has been hit by the COVID-19 outbreak.
Chinese coal demand is expected to remain strong in 2018, helped by the power sector and industries, despite government’s intentions to promote the use of gas.
Preliminary forecasts for above-average temperatures in Japan during Q1 2018 will dampen the country’s LNG consumption as gas stocks remain healthy.
Egypt’s plan to stop importing LNG by the end of June 2018 will be a significant bearish factor for spot LNG prices.