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European hub prices have roughly doubled since summer 2017, with half of that move occurring between July and September 2018. Three drivers are cited: Asian buyers pulling LNG away from Europe, coal-to-gas switching as coal and carbon prices rise, and constraints on incremental Russian gas flows.
The analysis expects Europe's tightest winter this decade.
Competition for LNG and constrained Russian pipeline flows keep European gas prices elevated into winter. Higher European energy costs can shift global nitrogen fertilizer supply and raise costs for energy-intensive processors.
timera-energy.comOct 22, 2018Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
