The European Commission has unveiled ambitious plans to decarbonise the gas system, but many EU member states will be more concerned with energy security. [Gas in Transition, Volume 1, Issue 9]

With winter only beginning, European gas prices have once again soared to record heights in recent weeks, amid renewed concerns about low levels of storage and potential supply disruptions. The January gas delivery contract at the Dutch TTF hub reached nearly €143/MWh on December 16, or around $1,725/’000 m3 or $47.50/mn Btu. This latest spike has even propelled European prices to a rare premium over prices in Asia, although this premium will be short-lived as it will encourage LNG exporters to divert more supplies to Europe. There are a number of factors fuelling this latest price surge....

Natural Gas & LNG News, Premium, Editorial, Gas In Transition Articles, Vol 1, Issue 9, Carbon

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