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

Insight

Home/North West Europe Gas System Performance Report – September 2020

North West Europe Gas System Performance Report – September 2020

We are pleased to present Aurora’s latest North West European Gas System Performance Report.

Highlights of our September 2020 report include:

  • Gas prices: Average NW European gas prices in September rose to 10.6€/MWh, up 42% month-on-month. Decreased pipeline flows from Norway and increased gas consumption in heating and power put upward pressure on gas prices in North West Europe
  • Consumption: NW European Gas consumption in September increased by 6% year-on-year due to higher gas for power demand compared to the same period last year, to offset low French and UK nuclear availability
  • Supply: Norway pipeline imports increased by 2.3 bcm year-on-year, leading to Norway pipeline’s share of gas supply to increase from 26% to 34% at the expense of indigenous production (-0.7 bcm) and LNG (-0.2 bcm), which saw their share of gas supply decrease by 5%-points and 2%-points. Russian pipeline imports declined by 0.3 bcm across the same time period due to maintenance works in Nord Stream and strong Norwegian flows, which directly lowered the share of Russian pipeline share by 4%-points
  • Indigenous production: Indigenous production in the Netherlands and the UK declined by 19% and 12% respectively year-on-year in September due to robust Norwegian gas flows. Compared to August, however, GB production increased by 4% to meet higher residential gas demand due to colder weather
  • Pipeline imports: Total pipeline imports increased by 14% year-on-year in September, driven by 2.4 bcm higher flows from Norway which were compensated for a decrease of 0.5 bcm in Russian gas flows. Within Russia flows, pipeline imports coming through Nord Stream saw the largest decline of 0.6 bcm, whilst gas flows via the Polish route increased by 0.2 bcm to offset lower deliveries via Velke Kapusany as Ukraine’s virtual reverse flows limited Russia pipeline flows entering Europe
  • LNG:Whilst LNG volumes were 5% lower month-on-month across NW Europe as a whole due to higher pipeline flows, Belgium saw regasification terminal utilisation increase by 44% across the same time period to compensate for declines in pipeline gas imports from the UK and Norway
  • Storage: The UK saw net withdrawals of 0.2 bcm, which occurred earlier compared to last September, to meet higher gas demand. Net storage injections increased by 10% year-on-year led by a 0.8 bcm increase in gas injections in Dutch storage

This is subscriber-only content. To enquire about subscribing to our European Gas Market service, please get in touch.

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

  • This European Gas Market Review presents the August 2020 market data for North West Europe. Metrics include gas prices, demand, supply balance, production, LNG, pipeline, and storages.

    Read More
  • Aurora's European Gas System Performance Report presents the July 2020 market data for North West Europe. Metrics include gas prices, demand, supply balance, production, LNG, pipeline, and storages.

    Read More
  • Our update presents Aurora’s latest view on the state of the European gas markets, and includes our updated outlook on natural gas prices to 2040, as well as detailed analysis of market and policy developments.

    Read More