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We provide our information in a range of gas reports, including our European Spot Gas Markets daily spot pricing report, a fortnightly European Gas Markets market round-up along with our annual European Gas Hub Report.
Updated to Q2 2018
European gas supply was broadly stable year on year in the second quarter of 2018. However, there was greater dependence on Russia than previously. Russia was already the EU’s largest supplier but volumes deliveries have increased further in the last quarter. The higher Russian deliveries to Europe largely made up for lower EU domestic production. The lower production is linked to measures implemented due to earthquakes in the Dutch Groningen production region, as well as dwindling reserves in other countries.
Demand in the second quarter of 2018 was higher than would usually be expected in early summer. This was due to shippers adding more gas than usual to storage sites after these sites were drained by cold weather at the end of the winter. Injections into storage normally take place when the price is cheapest, but the low levels of gas in store meant many countries were injecting despite less favourable prices. This was particularly the case in Italy.
We offer the following regional Gas analysis and news coverage to keep you informed of factors and developments affecting prices in the Europe Gas marketplace.
News & analysis
Natural gas is commonly produced alongside oil or other hydrocarbons and can also be found deep underground within rock formations. An increasing amount of gas production stems from non-conventional sources, such as from coal-bed seams or from within shale formations. Natural gas is predominantly formed of methane.
Uses include acting as a raw material for power generation, a source of heating and a chemical feedstock for organic chemicals or plastics.
Natural gas is predominantly odourless but varying odorant may be added depending on the specific country to alert users of a leak. Gas normally dissipates in the event of a leak but can cause an explosion as it becomes flammable when mixed with air.
Natural gas is transported by pipelines which can run along the seabed or underground, potentially transporting the energy source thousands of miles. The fuel moves at a speed of around 25km/hour through the pipe.
It is typically stored in depleted gas reservoirs or salt caverns. A certain volume of gas is kept within pipeline networks in order to maintain pressure. This is called linepack.
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