Christopher Rene

JULY 2023 #LNG STATS #Europe: Imports were 7.9m tonnes, a 4-month low Europe held a 24% share of global LNG imports #Asia: Imports = 17.6m Held 54% share South America: Imports = 1.1m Held 3% share https://t.co/rDXWIR9zSj

Financial incentives for #coal-to-#gas switching in 2024 restricted to peak hours across #Europe Prices still too high for the least efficient CCGTs during baseload hours next year. Gas plant profits also under pressure going into this winter. https://t.co/FYUEEuejLP

RT @tmarzecmanser: #TTF #natgas misnomer. "Although the idea is dubbed ‘joint purchasing’, the only mandatory element involved is the pool…

RT @tmarzecmanser: The premium of Q1 ’24 #TTF over Q3 ’23 has narrowed by over €4/MWh in the last week, @ICISOfficial data show. Sliding su…

Gas is now so low that even the most efficient #coal-fired #power plants will struggle to compete with gas during baseload hours on a month-ahead basis. Remarkable turnaround – 4 months ago #gas was too high to trigger any fuel switching! https://t.co/f5RSmVbU2o

Current prices mean the least efficient #gas plants can compete with #coal in Q2 ’23! But clean spark & dark spreads are negative so little financial incentive to run thermal output now. It will be difficult for the most efficient gas units to remain competitive from Q4 though. https://t.co/xtE1qqMArb

Germany’s last three nuclear power stations to shut this weekend https://t.co/I0AITHHsaQ

MARCH 2023 #LNG STATS Europe: Imports were 10.4m tonnes, a 3-month high Europe held a 30% share of global LNG imports Asia: Imports = 19.1m Held 54% share South America: Imports = 0.3m Share = 0.8% https://t.co/wDRJ8EUlRd

RT @YanQinyq: 🚀The upward move in European carbon price continued on Friday morning with Dec-23 EUA crossing the €100/t mark again. Surgi…

National Grid asks power plants to fire up before coldest night of year https://t.co/hOWO6cpTdH

#China imported 11.2m tonnes of #LNG across Jan-Feb, down 5% y-o-y. Also 18% below '21 levels, which were highest ever In Feb it was the 3rd largest Asian importer: Japan first with 6.5m and South Korea taking 2nd with 5.1m. China = 5m Sign of things to come or slow start '23? https://t.co/OTMEBd1jvo

𝐅𝐄𝐁 𝟐𝟎𝟐𝟑 #𝐋𝐍𝐆 𝐬𝐭𝐚𝐭𝐬: 𝐄𝐮𝐫𝐨𝐩𝐞: Imports were 𝟖.𝟖𝐦 metric tonnes Europe held a 𝟐𝟔% share of global LNG imports, unchanged m-o-m 𝐀𝐬𝐢𝐚: Imports = 19.5m Held 57% share 𝗦𝗼𝘂𝘁𝗵 𝗔𝗺𝗲𝗿𝗶𝗰𝗮: Imports = 0.2m Share = 1% https://t.co/zJyL9QChQa

Coal-to-gas switching incentives for the baseload market hit a new milestone on 24 Feb with the ICIS TTF M+1 falling below the switching price for average plant efficiencies for the first time since 17 Jun '21. In theory, the average #gas plant is now more profitable than #coal! https://t.co/4R9gBDJHex

RT @atalaveraEcon: One of the most astonishing charts from the energy crisis: a reduction of gas consumption in Europe of over 20% with no…

Despite the #EUETS Dec '23 (carbon price) surpassing €100/tCO2e yesterday it was not enough to incentivise #coal to #gas switching for M+1. We were €3.11/tCO2e short. Extraordinary, and a timely reminder that gas prices still remain at elevated levels. https://t.co/FnBo7se901

RT @YanQinyq: Dec-23 EUA contract crossed the €100 mark just now and hit intraday high of €100.70 #EUETS https://t.co/ZIVCGxWl8j

Partly thanks to this winter #natgas demand reduction the EU should not find it much more difficult than last year to replenish gas stocks this summer. Stocks currently at their second highest levels ever. #LNG will remain key though. Analysis here: https://t.co/5JM0kkscTw https://t.co/MlrUXpQRTh

EU_Eurostat @EU_Eurostat

🛢️EU consumption of natural gas dropped by 19.3% in the period August 2022 - January 2023, compared with the averages for the same months between 2017 - 2022. Consumption fell most in: 🇫🇮Finland (-57.3%) 🇱🇹Lithuania (-47.9%) 🇸🇪Sweden (-40.2%) ➡️https://t.co/yPLxzLf7Wr https://t.co/zbtTiVLndm