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

Insight

Home/North West Europe Gas System Performance – January 2019

North West Europe Gas System Performance – January 2019

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 January 2019 report include:

  1. Gas prices: Prices fell by 8% month-on-month, continuing the trend seen in earlier months. The continuing warmer weather in Asia meant that LNG cargoes were redirected to Europe.
  2. Consumption: Gross consumption across NW Europe was up 6% year-on-year, driven primarily by increases in Germany (+2 bcm), GB and Belgium (~0.33 bcm each). The bulk of the increase in German consumption came from non-power (862 mcm vs 412 mcm for power), whilst it was the residential and commercial sector (1130 mcm) which caused the increase in GB (vs 494 mcm for power).
  3. Supply: LNG imports (particularly from the US) increased by 3.0 bcm year-on-year, at the expense of Russian pipeline supply, which decreased by 0.1 bcm across the same time period. Storage contributed almost a quarter of the European supply mix, with Russian and Norwegian pipeline gas each sharing ~25% each.
  4. Indigenous production: Dutch production was down 8% year-on-year, due to the lower production cap amid the ongoing debate about ending Groningen production well before 2030. GB production was 9% higher month-on-month, driven by a 1.6 bcm uptick in domestic demand over the same period.
  5. Pipeline imports: Total pipeline imports were broadly unchanged year-on-year, with a 0.1 bcm increase in Norwegian flows, compensating for a similar decline in Russian flows. Within the Russian flows, the Polish route saw a decline of 240 mcm year-on-year, whilst the Austrian and Czech routes both saw increases of ~80 mcm each across the same time period.
  6. LNG: After a decline in December, LNG imports to Belgium increased once again, causing import terminal utilisation to increase 200% month-on-month. The 277 mcm increase in LNG flows across this time period corresponded to a 360 mcm increase in demand (which was also met by increases in pipeline flows from Netherlands and increased storage withdrawal).
  7. Storage: Storage withdrawals were up over 100% month-on-month and almost a quarter year-on-year, but storage withdrawals were still contributing a similar share of the European gas supply mix as January 2018. Stocks were comfortably within the trailing 5 year min-max window.

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