Dispatches from the edge of the energy transition - for avid energy readers and independent thinkers | Sign up: https://t.co/pAOUKIyVoh | By @seb_kennedy
Mar 8, 2023 • 8 tweets • 2 min read
This whole ‘Europe must fear Chinese LNG demand’ mantra deserves to be challenged. A quick 🧵
1. China is producing & piping in more gas than ever, which is cheaper than LNG. It doesn’t use gas for baseload power & has small storage capacity, so any excess LNG is typically diverted to EU
Mar 8, 2023 • 4 tweets • 2 min read
TTF set to slide further
Morgan Stanley cuts its EU gas price forecast to €35/MWh for Q2 and warns of gas storage reaching tank-tops by August amid strong LNG inflows
This is the second price forecast cut in as many months
Europe is (temporarily) awash with gas, even during a late cold snap and without Russian pipeline flows
