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Home/North West Europe Gas System Performance – April 2018

North West Europe Gas System Performance – April 2018

Aurora’s gas system performance report provides a monthly snapshot of key operating characteristics for the European gas market. The key statistics include prices, volumes, trade, suppliers market share, indigenous production flexibility and storage provision for security of supply.

Highlights of our April 2018 report include:

  1. Gas prices: A warmer April than in 2017 in most of NW Europe caused consumption to decline year-on-year and prices to retreat from the record highs of March.
  2. Consumption: A year-on-year increase in consumption in GB mitigated declines elsewhere due to warmer than seasonal normal temperatures, preventing total NW Europe consumption from falling below the min-max envelope.
  3. Supply: Russian pipeline gas imports increased by 2 bcm year-on-year, at the expense of LNG and storage which saw share declines of 1-2% points each.
    Indigenous production: Dutch production declined by over a quarter, as the Groningen production cap meant reduced output flexibility.
  4. Pipeline imports: Imports from Norway remained unchanged year-on-year, with the 12% increase in pipeline imports to Europe being primarily through Russia’s Nord Stream.
  5. LNG: LNG imports declined by 21% year-on-year, causing regasification terminal utilisation to decline by almost half in GB as pipeline gas dominated storage replenishment.
  6. Storage: Storage levels remained below the 5 year minimum, despite a 68% increase in injections year-on-year, primarily into German storage

Not a subscriber? View an example of our NW Europe Gas System Performance report here

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