Pipeline gas supply to Europe rose by 5% year on year in April 2017 to 26.1 billion cubic metres, according to grid operator data collated by ICIS. This marked the seventh consecutive month of annual growth in piped imports, although the total was down by 4% compared to the month before.
The rising supply failed to pressure hub prices, with the TTF day-ahead contract gaining 6% across the month due to unseasonably cool conditions and high storage injections.
ICIS looks at the key drivers behind the rising pipeline imports, and the changing trends observed in the key producers of Russia, Norway and North Africa. ICIS also examines how LNG supply to Europe has changed during a month which has seen a flurry of vessels berth at northwest European terminals.
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