+44 (0) 1865 952700 |
Press enquiries
  • This field is for validation purposes and should be left unchanged.


Home/North West Europe Gas System Performance – May 2019

North West Europe Gas System Performance – May 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 May 2019 report include:

  1. Gas prices: Gas prices continued their downward trend, falling by nearly 11% month-on-month due to abundant LNG supplies in Europe. Warmer-than-normal winter and ample spot cargoes from Australia, Russia and the U.S. allowed increasing flows of LNG to the European gas market.

  2. Consumption: NW European gas consumption increased 32% year-on-year, mainly caused by a 1.8 bcm increase in both non-power and power consumption in France and a 1.3 bcm increase in gas-for-power consumption in Germany.

  3. Supply: LNG imports increased by 3.2 bcm year-on-year, causing LNG’s share of gas supply to increase from 8% to 18%, with combined declines in Russian and Norwegian pipeline supply, of 9%-points across the same time period. Norwegian imports decreased by 0.2 bcm, whilst Russian pipeline imports decreased by 1.0 bcm year-on-year.

  • Indigenous production: Dutch production fell by 9% month-on-month due to an earthquake which hit the Groningen region in May. GB production was 4% higher in the same period, due to increased domestic demand.
  • Pipeline imports: Increased LNG imports led to declines in total pipeline imports of 7% year-on-year, driven by 1.3 bcm lower flows through non-Nord Stream pipelines. Flows through the Czech route accounted for 62% of the total decrease.
  • LNG: Cheaper LNG imports caused NW Europe LNG imports and terminal utilisation to increase year-on-year. Dutch and GB LNG imports drove the increase, with an average 450% rise across the same time period, offsetting declines in imports of Norwegian gas.

  4. Storage: Although storage refill increased by 44% month-on-month, injected volumes were 40% lower than in the same period last year, since lower storage withdrawals than normal this winter (due to higher LNG imports), decreased available capacity in gas storages.

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