The latest episode of Alfa Energy’s Resonance podcast has landed – Energy markets cope well with extreme heat in Southern Europe, but the risk to prices ahead remains:
Topics explored include:
➡ Not much response in pricing to extreme heat, although there is some reduced capacity of the French nuclear fleet.
➡ Demand has increased in southern Europe, but there is significant renewables generation to counter that right across Europe.
➡ The variability of renewables and the impact on the management of grid.
➡ Norwegian gas production increases following the return of a major processing plant. Further maintenance lies ahead next month.
➡ LNG drops, but meets demand and storage is expected to be at capacity going into winter.
➡ However, any significant cold snap or supply disruption still presents a real risk for both winter and next summer, especially with LNG demand in Asia picking up.
➡ The threat to remaining Russian gas supplies.