Oil & Gas Group
This group brings together those who are interested in topics around oil and gas exploration, drilling, refining, and processing.
Post
Terminal decline
European gas prices have fallen down a couple of rungs of the ladder since the last EU LNG chart deck two weeks ago, but remain closer to the clouds than the ground. Inelasticity means volatility is the norm, but the noise of exaggerated price movements should not distract from the broader signal of waning demand for natural gas. This secular decline casts Europe’s ongoing drive to expand LNG import capacity in a dubious light.
Month-ahead Dutch TTF, the EU benchmark that now drives global gas price dynamics, is bouncing around erratically. Prompt JKM, the North Asian LNG benchmark, almost resembles the moving average — tracking TTF within a narrow range, with delayed and muted responses.
Read entire article at Energy flux.
Discussions
No discussions yet. Start a discussion below.
Get Published - Build a Following
The Energy Central Power Industry Network® is based on one core idea - power industry professionals helping each other and advancing the industry by sharing and learning from each other.
If you have an experience or insight to share or have learned something from a conference or seminar, your peers and colleagues on Energy Central want to hear about it. It's also easy to share a link to an article you've liked or an industry resource that you think would be helpful.
Sign in to Participate