Gas storage
The recently revealed data indicates that European gas storage levels have reached 90.12% of capacity, corresponding to more than 93 billion cubic metres of natural gas
Experts will issue a warning that the approaching winter could bring even greater difficulties, surpassing the challenges experienced in previous winters
With the increased capacity, Rough will be capable of storing up to 54 billion cubic feet of gas
In this week’s Resonance energy market podcast episode, Jeremy Nicholson talks to Alfa Energy’s Dan Veasey to discuss the market implications of Europe reaching full storage capacity by the end of summer, as well as the potential impact of unexpectedly mild weather
Extending the exemption from negotiated third-party access is expected to allow Centrica to make investment decisions
These measures involve the end of oil imports by pipeline for Germany and Poland
The increase is driven by the positive impact from UK domestic default tariff cap allowances
Analysts say mild temperatures and ample supply have pushed Dutch wholesale gas price to a two-year low
Europe’s energy challenges are not yet over, warns Fatih Birol
The Islandmagee facility is predicted to provide a quarter of the UK’s gas storage capacity