Insight
European gas storage withdrawals drop sharply in February 2019 - Why did this happen?
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
During winter months, gas storage is normally required to balance markets on a daily basis, however during February 2019 an unusual set of circumstances meant that marginal gas supplies were coming from spot gas purchases rather than storage. A combination of warm weather and plentiful supply resulted in day ahead prices dipping below summer prices. This signalled a change in supply strategy for many players in the European market, reducing storage use significantly and altering supply patterns across the continent.
Table of contents
- Summary
- Unusual pricing leads to fall in storage withdrawals
-
Storage utilisation by Country
- France
- Germany
- Italy
- Netherlands
- Conclusions
Tables and charts
This report includes the following images and tables:
- TTF day ahead minus summer price & European storage withdrawals Feb 2019
- PEG day ahead minus summer price & French storage withdrawals Feb 2019
- Netconnect day ahead minus summer price & German storage withdrawals Feb 2019
- PSV day ahead minus summer price & Italian storage withdrawals Feb 2019
- TTF day ahead minus summer price & Dutch storage withdrawals Feb 2019
What's included
This report contains:
