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NATURAL GAS

N. Macedonia gas-fired plant back online after storm damage

Date: 19.07.2024 Author: Montel
N. Macedonia gas-fired plant back online after storm damagePhoto: Dalibor Dobrić

A 220 MW gas-fired power plant in North Macedonia came back online on Friday, a day after it was forced to shut down due to a severe storm that hit the capital, Skopje.

Gas contracts inch down amid computer crash

Date: 19.07.2024 Author: Maria Haensch, Montel
Gas contracts inch down amid computer crashPhoto: Roman Peklaj

European gas contracts inched down on Friday as the market grappled with IT issues after a global computer crash, while uncertainty surrounded the restart of the US LNG terminal Freeport.

EU wind, solar output to surpass fossil fuels in 2024 – IEA

Date: 19.07.2024 Author: Elise Wu, Montel
EU wind, solar output to surpass fossil fuels in 2024 – IEAPhoto: Dalibor Dobrić

Wind and solar PV generation will this year likely overtake fossil-fired power output in the European Union for the first time, the International Energy Agency (IEA) said in its mid-year electricity

Von der Leyen pledges lower energy prices in 2nd EC term

Date: 18.07.2024 Author: Siobhan Hall, Montel
Von der Leyen pledges lower energy prices in 2nd EC termPhoto: Montel

European Commission president Ursula von der Leyen promised policies intended to lower energy prices as she was confirmed for a second five-year term by the European Parliament on Thursday.

Record gas trading volumes show market confidence – Acer

Date: 18.07.2024 Author: Siobhan Hall, Montel
Record gas trading volumes show market confidence – AcerPhoto: Roman Peklaj

European gas hub trading volumes in the first half of 2024 reached record highs, showing confidence in the market, said EU energy regulatory agency Acer on Thursday.

SEE power prices to stay high despite expected heatwave lull

Date: 18.07.2024 Author: Maja Žuvela
SEE power prices to stay high despite expected heatwave lullPhoto: Roman Peklaj

Southeast European (SEE) power markets are not expected to experience any relief from recent price spikes caused by a record heatwave for at least another week, a regional trader told Montel on

TTF rebounds after Wednesday’s fall

Date: 18.07.2024 Author: Gabriel Power, Montel
TTF rebounds after Wednesday’s fallPhoto: TAP AG

Europe’s benchmark gas price edged up on Thursday morning, rebounding from a downward correction on Wednesday and as storage levels dipped slightly.

Gas prices drift down in quiet market

Date: 17.07.2024 Author: Julia Demirdag, Montel
Gas prices drift down in quiet marketPhoto: TAP AG

European gas prices traded a shade down early on Wednesday but remained in their broader range seen this month so far.

Gas market vulnerable if Greek LNG terminal delayed again

Date: 17.07.2024 Author: Montel
Gas market vulnerable if Greek LNG terminal delayed againPhoto: UMAS London

Any further delays in the launch of Greece’s Alexandroupolis LNG terminal could significantly impact the European gas market, with Russia’s transit agreement with Ukraine set to expire and winter

LNG to cover Russia gas loss if Ukraine transit axed – analyst

Date: 16.07.2024 Author: Andrés Cala, Montel
LNG to cover Russia gas loss if Ukraine transit axed – analystPhoto: www.portofrotterdam.com

European LNG imports would cover half of the almost 14bcm in Russian gas flows set to be lost if Ukraine does not renew a transit agreement set to expire by year end, said an analyst on Tuesday.

EU in “robust” shape to hit 90% winter gas storage aim – IEA

Date: 16.07.2024 Author: Elise Wu, Montel
EU in “robust” shape to hit 90% winter gas storage aim – IEAPhoto: Andreja Krašna

EU gas storage levels are currently “in a robust position to reach the 90% fill target by the start of the heating season”, the International Energy Agency (IEA) said on Tuesday.

Gas prices edge up but market remains bearish

Date: 16.07.2024 Author: Elias Huuhtanen, Montel
Gas prices edge up but market remains bearishPhoto: TAP AG

The European benchmark gas contract rose in early Tuesday trading while the sentiment in the market remains bearish amid strong supply and muted demand.



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