Insight
European gas storage withdrawals drop sharply in February 2019 - Why did this happen?
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 5 images and tables including:
- 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:
