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Gas-Quarterly-Review-Issue-18.pdf
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🔗 Source: oxfordenergy.org
📊 Size: 1.25 MB
👤 Author: IT Officer
⬇️ Downloads: 141

Summary

The European gas market experienced a dramatic second quarter in 2022, with record LNG imports and a 45% year-on-year decline in pipeline imports from Russia. Despite a 1.5% decline in total gross supply, prices are at exceptionally high levels due to uncertainties over Russian pipeline supply and exposure to the tight global LNG market. The current LNG margins are almost at $50, providing strong incentives for new final investment decisions (FIDs), and multiple announcements of new long-term contracts have been made, especially with US developers. The prospects for more FIDs look promising, especially from the US, with global LNG export capacity expected to be 50% higher by 2028.

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Description

The European gas market experienced a dramatic second quarter in 2022, with record LNG imports and a 45% year-on-year decline in pipeline imports from Russia.

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  • File Format: PDF
  • File Size: 1.25 MB
  • Pages: 15
  • Language: EN
  • Author: IT Officer
  • Total Downloads: 141
  • Last Updated: 3 weeks ago

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