SHARE
01865 952 700 | contact@auroraer.com
Press enquiries

Insight

Home/North West Europe Gas System Performance – August 2018

North West Europe Gas System Performance – August 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 August 2018 report include:

  1. Gas prices: Gas prices were 50% higher year-on-year, as rising European carbon spot prices caused by priced-in policy reforms, led to higher demand for gas in European power markets.
  2. Consumption: NW Europe consumption increased by 3% year-on-year, driven by increased gas-for-power consumption in Germany, GB and the Netherlands.
  3. Supply: A combined decline of 6%-points in indigenous production and LNG in the supply mix was compensated by a 7%-point increase in Russia’s share in the supply mix, with Norway’s share declining by 1%-point.
  4. Indigenous production: Dutch production was down 7% month-on-month and 20% year-on-year as the gas-year Groningen production cap of 21.6 bcm approached.
  5. Pipeline imports: Total pipeline flows were 16% higher year-on-year, driven by increased Russian flows through the Nord Stream, Czech and Yamal routes, as Nord Stream returned to full service after annual maintenance in July.
  6. LNG: LNG imports to Belgium jumped by 65% month-on-month, as pipeline imports from both the UK and the Netherlands declined.
  7. Storage: Storage injections declined by 20% month-on-month, causing inventory levels to again fall below the trailing 5 year minimum.

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

View Report

Our subscription services

Our subscription service provides you with long-term market forecasts, strategic insight reports, interactive client forums and access to our market data and analytics platform.

Interested? Please sign up to receive our complimentary monthly summary reports via email. Simply tick which reports you would like to receive. Please indicate your consent in the box provided and view our privacy policy.

If you would like further information on a particular subscription service or report please enter further information in the box provided.

 

 

  • Please find our privacy policy here

  • Aurora’s Company performance report presents a summary of the operational and financial performance of all major participants in the GB wholesale power market. The key statistics include companies’ revenues and profits, outputs, capacities, capture prices and load factors. All the metrics are presented for the entire generating portfolios, their subsets for each technology, as well as for individual assets. The report also presents the evolution of companies’ market shares over time.

    Read More
  • Aurora’s System performance report provides a monthly snapshot of key operating characteristics for the GB power system. Which fuels are most used? Which power plants most profitable? How would a change in the price of gas or coal impact the system price through the dispatch?

    Read More
  • The European Gas Market Forecast, 2018 annual edition presents Aurora’s latest view on the state of the European gas market, and includes our updated outlook on natural gas prices, demand, and supply in Europe to 2040.

    Read More