Natural Gas World
  • Natural Gas News

    OIES -Quarterly Gas Review - Analysis of Prices and Recent Events [GGP]

Summary

In Europe, the Brexit unknowns are increasing, and the gas markets have still not been properly addressed, leaving little time before March 2019 to find a commonly agreed solution not only for the short but also the long-term. We are now seeing industry lobby groups like Eurogas and Eurelectric interfering in those Brexit energy issues, making them less likely to be solved.

by: Thierry Bros, Oxford Institute for Energy Studies (OIES)

Posted in:

Complimentary, Global Gas Perspectives

Print This Article

OIES -Quarterly Gas Review - Analysis of Prices and Recent Events [GGP]

Thanks to Argus Media, we updated our “LNG tightness” metric that measures the spread between the US Gulf Coast LNG FOB and the Henry Hub price. It is interesting to keep track of this ‘LNG tightness’ in a fast changing energy world.

In Europe, the Brexit unknowns are increasing, and the gas markets have still not been properly addressed, leaving little time before March 2019 to find a commonly agreed solution not only for the short but also the long-term. We are now seeing industry lobby groups like Eurogas and Eurelectric interfering in those Brexit energy issues, making them less likely to be solved.

Advertisement:

The National Gas Company of Trinidad and Tobago Limited (NGC) NGC’s HSSE strategy is reflective and supportive of the organisational vision to become a leader in the global energy business.

ngc.co.tt
S&P 2023

This is why more and more planning is going into the event of a no-deal Brexit scenario, like the introduction of a UK Carbon Emissions Tax (16 £/t) on top of the existing UK Carbon Price Support (18 £/t) and setting the  total  carbon  price in  the  UK at 34 £/t to  offset the impact of  a UK withdrawal  from  the EU  Emissions Trading System (EU ETS). This new Carbon Emission Tax is supposed to mirror the EU ETS situation as long as CO2 prices stay around 18 €/t in Europe.

READ:  OIES - Quarterly Gas Review - Quarterly Focus: A very special European gas year ahead

The statements, opinions and data contained in the content published in Global Gas Perspectives are solely those of the individual authors and contributors and not of the publisher and the editor(s) of Natural Gas World.

Related Articles