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

Insight

Home/North West Europe Gas System Performance – June 2018

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

  1. Gas prices: Gas prices rose 45% year-on-year, driven by higher spot demand in Asia.
  2. Consumption: Gas consumption in NW Europe rose by only 3% year-on-year.
  3. Supply: As indigenous production declined by 4%-points year-on-year, Russian pipeline supply increased its market share by 9%-points.
  4. Indigenous production: With the operator of the Groningen field having only limited scope to extract gas before hitting the production cap by the end of September, Dutch production was down 11% compared to May.
  5. Pipeline imports: Additional flows of 1.1 bcm through Nord Stream and 1.3 bcm through the Czech interconnector comprised the majority of the 2.5 bcm increase in Russian pipeline imports year-on-year.
  6. LNG: Driven by lower pipeline imports from the UK in the first 13 days of June, LNG imports into Belgium rose 136% year-on-year.
  7. Storage: Although storage refills increased by 16% year-on-year, injected volumes were 9% lower than in May, consistent with inventories approaching the 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