Opinion on Storage

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Type Product title / description Pub Price
Expert View
Expert View

Weak US gas market will further dampen UK wholesale prices

Although gas prices are currently low across the Atlantic Basin, they are even lower in the US, which is diverting LNG towards Europe and further depressing wholesale prices. As these low prices are against a backdrop of Russia's over-supply to Europe and continuing weak demand in the UK, prices are expected to remain below seasonal averages during winter 2009.

Published By Datamonitor
09 Sep 2009
Expert View
Expert View

US gas industry facing uncertain outlook

Recent geological research suggests that the US may be sitting on a staggering quantity of recoverable gas reserves, but regulatory risk and unequal lobbying powers could inhibit the development of the US gas industry. While this could have a negative impact on the US' ability to cut greenhouse gas emissions, it could leave increased LNG supplies available for European markets.

Published By Datamonitor
18 Aug 2009
CommentWire
CommentWire

UK-Europe pipeline: enhanced capacity requires enhanced legislation

On the back of UK energy minister Malcolm Wicks' admission that the Interconnector pipeline "is not working properly", the Energy Intensive Users Group has called for the UK operator to be given control of spare capacity. However, shipper failure to maximize imports at a time of record high prices is more a result of impotent legislation than player manipulation.

Published By Datamonitor
08 Feb 2006
Expert View
Expert View

UK gas supply: markets fail to fill storage gap

Gas wholesale market liquidity is weak and insufficient to provide the correct signals to encourage the investment needed to store essential supplies for peak periods. British consumers will pay higher prices and face greater volatility and potential supply shortages as a result of this lack of investment. Now is the time to act, but accountability is something that the market fails to provide.

Published By Datamonitor
03 Apr 2009
CommentWire
CommentWire

UK gas storage: future projects in desperate need of a coherent strategy

Meeting the UK's future energy needs is reliant on formulating a plan to tackle supply-side fundamentals in the gas market. Although regulation, government policy and the squeeze on credit have created a difficult environment for upstream gas investment, a long-term strategy with an integrated and pragmatic approach will be essential if the UK is to meet its future energy needs.

Published By Datamonitor
25 Feb 2009
Expert View
Expert View

UK gas grid tested by weather extremes

The first few weeks of 2010 saw the UK gas grid come under intense pressure, as unusually cold temperatures drove demand well above seasonal norms. The situation was worsened by outages in North Sea supply and constraints in the gas grid, which culminated in spiking wholesale prices and the interruption of supply to nearly 100 industrial users.

Published By Datamonitor
21 Jan 2010
CommentWire
CommentWire

UK energy supply: Russia's bullish forecast unlikely in medium term

Russian President Vladimir Putin has been quoted saying that by 2010 10% of UK gas demand is likely to be sourced from Russian imports. Whilst Russian gas will no doubt assume greater prominence in the UK over time, Mr Putin's forecast appears extremely bullish given the availability of geographically closer gas sources and is unlikely to materialize in the short to medium term.

Published By Datamonitor
21 Oct 2005
Expert View
Expert View

The regulatory effects of Russia and Ukraine's 'gas war' are emerging

Fear of another disruption to Russian gas supplies continues to stalk EU policy makers, despite Ukrainian prime minister Yulia Tymoshenko's insistence that her country has sufficient funds to meet monthly gas payments to Russia. This has made possible the passage of a new EU regulation demanding that states can meet 60 days of peak demand for gas, but seamless cross-border trade is the next step.

Published By Datamonitor
03 Aug 2009
CommentWire
CommentWire

Shell: increased preparations ahead of 2009 hurricane season

After destructive hurricanes in the Gulf of Mexico in recent years, and with insurance both less available and more expensive, Shell Oil has taken a proactive approach to storm preparation for the 2009 Atlantic hurricane season. However, while a hurricane would severely impact US gasoline and natural gas prices, it would have a surprisingly minor effect on the wider oil economy.

Published By Datamonitor
08 Jun 2009
Expert View
Expert View

Security of supply conundrum finally cracked by fission

Amid security of supply concerns, the UK government has taken an unprecedented move towards nuclear power generation, naming 11 possible sites for new plant development. Many had expected the supply shortages to be filled by a second dash for gas, but the structure of the UK energy market and the difficulty of securing gas supplies have made this option highly improbable.

Published By Datamonitor
22 Apr 2009

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