Montel’s Post

Montel Weekly podcast – Germany’s (over)ambitious green H2 plan   Germany plans to massively increase imports of hydrogen and its derivative products such as ammonia and methanol over the next five years but are the targets unrealistic and how green is the fuel? Listen to a discussion on what “hydrogen ready” could mean for infrastructure such as pipelines and power plants, the immense costs involved and the timescale for the decarbonisation of industry. Link to the podcast in the comments section.   Host: Snjólfur Richard Sverrisson, Editor-in-Chief, Montel Guest: Henning Gloystein, Director, Eurasia Group. #energymarkets #marketinsights #hydrogen #germany #decarbonisation

Tomorrow at 13:45 CET, Join us for our FREE webinar: Winter Gas Supply Outlook. Snjólfur Richard Sverrisson, Editor-in-Chief at Montel News, will be joined by Nadia Martin Wiggen, Director at Svelland Capital and Christoph Halser, Lead Analyst for European Gas Market Research at Rystad Energy to discuss supply risks amid an escalation in the war between Russian and Ukraine, as well as the ongoing crisis in the Middle-East. Register for FREE: https://lnkd.in/eagDPtp2 #energymarkets #gasmarkets #gasprices #middleeastcrisis #energysector

Italy's gas consumption in July dropped by 4.3% year-on-year to 44.2 TWh, marking its lowest level for this month in eight years, according to GME. Despite this, July's consumption was 20% higher than June's decade-low 36.2 TWh.   Gas-fired generation decreased by 4% to 23 TWh, while industrial demand rose 3% to 10.5 TWh. Household and business consumption increased by 2% to 9.6 TWh.   Gas imports fell 3% to 53.5 TWh, with Algerian supplies down 13%. However, imports from Azerbaijan and Russia surged by 12% and 579%, respectively. LNG regasification also saw declines, with significant drops at the Cavarzere and Panigaglia terminals.   Italy's gas exports plunged 62% in June, and domestic production fell 11%. Gas storage levels reached just over 89% of capacity, above the EU average.   The link to the full article by Alfredo Spalla can be found in the comments section. #energymarkets #Italy #gasmarkets #LNG #gasprices

Montel Weekly podcast – Curbs to French power exports   Cuts to French electricity exports began earlier this year and will continue into the autumn. Listen to a discussion on why grid operator RTE impose the export limits and the reaction from inside France and the wider market? The TSO said the cuts are likely to continue into the autumn amid ample supply from renewables and nuclear and dwindling demand, but is the issue more structural? Link to the podcast in comments section.   Host: Snjólfur Richard Sverrisson, Editor-in-Chief, Montel Guests: Frank Boerman, TenneT; Clément Bouilloux, Montel Analytics; Muriel Boselli, Montel News. #energymarkets #France #nuclear #renewables #energyprices

Gas price jump to 2024 highs on Ukraine transit jitters. European gas prices surged to their highest levels since early December due to intense fighting near a key transit pipeline between Ukraine and Russia. The Dutch TTF front-month contract peaked at EUR 39.46/MWh, later falling back to EUR 38.64/MWh, while the UK NBP contract reached 97p/th, but eased again to 94.90p/th.   Russian President Vladimir Putin accused Ukraine of provocation after Ukrainian troops entered the Kursk region. Concerns over potential pipeline damage heightened market anxiety. Despite this, Ukrainian gas flows remained unaffected, with nominations slightly down but within the normal range.   LNG supply to northwest Europe has also declined, reaching potentially multi-month lows. However, overall gas supply in Europe remains ample, supported by strong pipeline flows and high storage levels at over 86% capacity. Norwegian nominations rose slightly, contributing to a stable market outlook.   The full article by Laurence Walker can be found in the comments section. #energysector #gasprices #LNG #Europe #energyprices #Ukraine

We're less than a month away from the Nordic Energy Day 2024! Join industry leaders on August 29 in Oslo for a day of insightful discussions on market trends, energy security, and more, followed by a networking dinner cruise. Don't miss this key event in the Nordic power market! Register now to secure your spot: https://lnkd.in/erM_dRKC #NED2024 #energymarkets #energysector #marketinsights #norway