Prices for EUROPE GAS remain stable despite the latest Sudzha gas stations attack
The Dutch and British wholesale prices of gas were mostly unchanged on Friday, as the recent attacks on a Russian supply point were offset by an improved outlook for supply-demand as winter comes to an end. LSEG data shows that the Dutch front-month contract rose 0.17 euro to 41.17 euros per Megawatt Hour (MWh), which is $12.99/mmBtu by 1104 GMT. The Dutch day-ahead contracts was down by 0.10 euros at 40.90 Euro/MWh.
EUROPE GAS - Prices stable but weather and low storage could support.
The Dutch and British wholesale prices of gas were mostly stable on Friday morning, despite the mild weather. However, a forecast for a cooler climate next week as well as the need to replenish storages in the coming months will continue to support the price. LSEG data shows that the Dutch front-month contract rose 0.10 euros to 41.10 Euro per megawatt hour or 12.98/mmBtu at 0914GMT. The Dutch day-ahead contracts was down 0.50 euros at 40.50 Euro/MWh.
On Monday, expect a higher renewable output
The German and French power prices for the following Monday were not traded on Friday, but it was expected that a rise in wind and solar supplies throughout the region would have a negative effect on prices. LSEG data revealed that the German Monday baseload contract had a range of bids and asks between 99 euros to 103.25 euro per megawatt-hour (MWh) as of 0953 GMT. This was below the Friday closing price at 124.50 Euro.
Aurora increases its European battery capacity 2050 forecasts by 30%
Aurora Energy Research increased its forecast of 2050 battery storage in Europe by nearly 30%, to 128 gigawatts. It highlighted Italy as the most appealing market for investors. The demand for battery storage is driven by the desire to counter the intermittent nature that wind and solar have taken on, which now makes up about a third or more of Europe's total energy mix. As countries strive to reduce emissions and achieve climate targets…
Data shows that Portovaya, Kryogaz-Vysotsk and other Russian LNG exporters have stopped LNG exports due to sanctions.
LSEG data on Thursday showed that two small-scale Russian LNG producers located along the Baltic Sea shores, Portovaya LNG, and Kryogaz Vysotsk have stopped LNG deliveries. This is due to the U.S. sanctions. Washington introduced new sanctions last month against Russia for the conflict in Ukraine. These included the two nuclear plants. There was a grace period up until the 27th of February.
Colombia's first auction of offshore wind energy attracts global interest
The National Hydrocarbons Agency of Colombia (ANH), a South American agency, announced on Thursday that companies from all over the world had proposed developing 69 offshore areas for the country's first offshore energy auction. The auction represents a major step towards President Gustavo Petro’s goal to diversify the energy sector, and reduce dependence on coal and oil. Companies from Belgium…
Air Liquide and TotalEnergies invest over 1 billion Euros in green hydrogen projects
Air Liquide, a French industrial gas company, announced on Tuesday a joint venture with TotalEnergies, a French oil giant. The two companies will develop in the Netherlands two large-scale low-carbon hydrogen plants. Air Liquide said in a press release that the two projects represented a combined investment totaling more than 1 billion euro ($1.05 billion). TotalEnergies wind farms will supply the first project in Rotterdam. It is expected to start operation by the end of 2027.
Spot contracts are affected by the increase in wind power supply
European spot prices on Tuesday fell by a significant amount on Monday. The average wind output is expected to double across the region. LSEG data shows that the German day-ahead electricity price was 114.50 Euro per Megawatt Per Hour (MWh) as of 1029 GMT. This is down 36.4% compared to Friday's rate for Monday. LSEG data shows that the French baseload electricity for Tuesday was 144 euros/MWh. Friday, the contract for delivery on Monday was not traded.
Prices of Euro GAS are falling due to profit-taking
On Tuesday morning, Dutch and British wholesale prices for gas fell slightly after a rise of around 7% the previous day. According to LSEG, the benchmark front-month contract for the Dutch TTF Hub was down 0.40 euros at 47.85 Euros per Megawatt Hour (MWh), which is $14.38 /mmbtu by 0923 GMT. The Dutch March contract is down by 0.98 Euros at 47.62 euro/MWh. The day-ahead contract in Britain fell by 1,03 pence, to 122 pence/therm.
Data shows that LNG vessels are due to load at sanctioned Russian Terminals and head for Europe and Asia
Shiptracking data revealed on Tuesday that the LNG vessels scheduled to load at two recently sanctioned Russian export facilities are expected to deliver their cargo mainly to Europe, but also to Asia. The U.S. imposed the most extensive sanctions to date on Friday, targeting Russia's oil revenues and gas revenues. This was done to give Kyiv's new team and Donald Trump leverage to negotiate a peace deal in Ukraine.
Data shows that Russia's LNG exports in 2024 will increase by 3%.
LSEG's preliminary data on Saturday showed that Russia's LNG exports increased by 3% to 32 million metric tonnes in 2024, with about half of it going to Europe. China, the largest Russian importer, imported more than 7 millions tons of super-cool gas. In Europe, the Russian LNG exports were mainly delivered to France this year, who imported more than 5,6 million tons of LNG. Then comes Belgium and Spain.
French and Benelux stocks - Factors to watch November 26
Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. Google has proposed further changes to its European Search Results to comply with the EU Digital Markets Act. Alstom, a French manufacturer of rail infrastructures, announced on Monday that it had renewed its contract with the Denver International Airport to provide automated people mover systems for 7 years at a cost of 218 million Euros ($228,4 million).
German wind power supply increases leads to a drop in spot prices
The European power price for Thursday dropped on the back of increased wind generation forecasts in Germany, Netherlands and Belgium. LSEG data show that the price of German baseload electricity for Thursday fell 17.2%, to 125 Euros ($132.83) per Megawatt Hour (MWh), by 0956 GMT Wednesday. The French power price for the day ahead fell by 5.3%, to 124 Euros/MWh. Guro Marie Wyller, LSEG analyst…
The Colombian Ministry of Energy says nine companies are interested in the offshore wind project
The Colombian energy ministry announced on Tuesday that seven foreign companies and two local ones had expressed interest in a project to build offshore wind farms and expected to receive formal bids by the first half of 2025. According to the ministry, these companies include Colombian state oil company Ecopetrol, power firm Celsia and Spain's BlueFloat Energy. They also include Denmark's Copenhagen Infrastructure Partners and DEME from Belgium…
Drill, baby, drill in Argentina's Vaca Muerta shale lands!
Argentina's new, market-friendly government, and concerns about oil supplies from the Middle East, and elsewhere, are driving a boom in drilling and production in the Patagonian South, which is home to the giant Vaca Muerta shale, Spanish for "Dead Cow". In the flat, arid terrain, the production of shale oil and gas is surging. Fracking wells have been drilled in record numbers, and pipelines…
PPA Platform reports that European renewable energy prices dropped in Q3, PPA platform.
The price of European power purchase agreements for green electricity dropped by 12.4% during the third quarter, compared to the same period in 2023. This was revealed on Thursday by the price tracking platform LevelTen. The report cited several factors, including the decline in inflation as well as the volatility of markets following COVID-19 and a 2022 energy shortage. The variety of PPA offtake opportunities is perhaps greater than ever before.
EU Energy Ministers Discuss Ukraine Energy Crisis and Russian LNG
Officials said that EU energy ministers met on Tuesday in Luxembourg to discuss the rising Russian LNG imports into the EU, Ukraine's energy shortages before winter and how to equalize energy prices among member states. In June, the EU approved a 14th set of sanctions including a ban of transhipments of Russian Gas as of March of next year. However, it did not impose a complete ban. Belgium and the Netherlands saw a dramatic increase in imports since then.
EU Energy Ministers Discuss Ukraine Energy Crisis and Russian LNG
Officials said that EU energy ministers met on Tuesday in Luxembourg to discuss the rising Russian LNG imports and Ukraine's energy shortages before winter, as well as how to balance energy costs across member states. In June, the EU approved a 14th set of sanctions including a ban of transhipments of Russian Gas as of March of next year. However, it did not impose a complete ban. Belgium and the Netherlands saw a dramatic increase in imports since then.
Document shows EU countries want more transparency about Russian gas imports
In a letter to the European Commission on Monday, a group of EU member states including France and the Baltic States asked for tighter reporting requirements across the EU on Russian LNG imports. In June, the EU approved a 14th set of sanctions that included a prohibition on the trans-shipment of Russian LNG in its ports. Moscow has used European ports for transshipment onto other vessels bound for Asia. Imports of Russian LNG were not banned.
Sweco will design one of Europe’s largest battery-based energy storage systems in Belgium
Sweco, a Swedish engineering consultancy, announced that it will design Green Turtle in Belgium, one of Europe's biggest battery energy storage systems. Sweco designed the battery park for the company GIGA Storage Belgium. Sweco stated that the park will make a significant contribution towards the grid, by storing renewable energy in times of low solar or wind energy production. This will reduce Belgium's dependence on gas-fired power plants.
