Platts: European gas grid increasingly weather-driven: Bentek Energy

New gas infrastructure in Europe does not diversify or ensure the market's supplies, which leaves the European gas grid increasingly driven by weather, a Vienna energy conference was told Tuesday.

Speaking on the second day of the 6th Annual Platts European Supply and Infrastructure conference, Christopher Micsak, senior analyst at Bentek Energy, a unit of Platts, said that, for example, the impact of Nord Stream on the fundamentals of supply security have been muted, and the European grid remains susceptible to supply and demand side shocks.

"New infrastructure does not increase supply security of flexibility in the European grid. There's no new Russian gas coming into the European market as a result, nor is any new capacity or flexibility added -- there's no new field [in Russia] to send out more gas into Europe," he said.  MORE