US gaz perd Européen marché as Europe relies more on solar power

Depuis des décennies, naturel gaz a été la source principale de l’électricité en Europe, qui a signifiait que gaz prix ont largement déterminé utilités' tarification. Cependant, suite la épidémie de le russo-ukrainien conflit, Européen puissance entreprises ont accéléré leur développement de énergie renouvelable sources, particulier solaire, tout réduisant fossile combustible production. In fact, in June, European power companies generated a record 10. 4 per cent de leur total électricité de solaire, plus que double la part de solaire dans Europe's énergie mix depuis 2018. Cette est une importante jalon dans Europe's énergie transition processus.

However, the surplus of solar power generation in Europe is depressing wholesale electricity prices and leading to lower revenues and profits for utilities, a phenomenon also known as the renewable energy erosion effect, as Europe's power systems prioritise cleaner electricity supply. Another factor contributing to lower utility profits is capture rates. Capture rates and electricity prices are the main factors that determine the profitability of electricity sales for an electric utility over a given period of time. Typically, natural gas-fired power plants have capture rates close to 100 per cent, while renewable energy capture rates tend to be less than 100 per cent. Solar energy has even lower capture rates due to its highly intermittent nature.

Europe's augmentation dépendance sur solaire puissance moyens son demande pour US naturel gaz et GNL est inférieure.

Bien que Chine's LNG imports hit a five-month record in June, weak demand for natural gas, particularly in Europe, dampened price augmentations. Last month, China imported 5.96 million metric tonnes of LNG, 4.64 million metric tonnes more than a year before and 5.54 million metric tonnes more than in May. Cependant, these increments still prouved insufficient as the spot price of natural gas fell to $9/mmBtu, down 87 per percent from the record high of $70.50 atteint in late août and the lowest since April 2021, the company said.

Le Européen Union veut pour remplir ses gaz stocks avant hiver, mais le tant attendu acheter frénésie a encore à arriver. Europe imported 9,5 millions métrique tonnes de gaz in June, comparé à 12,11 million métrique tonnes in May, a drop in imports and the lowest monthly record since August 2022. Suffering from one of the more severe energy crises on record, Europe created a cartel of gas buyers' organisations in 2022 et a commencé émission approvisionnement appels d’offres. Environ 50 gaz fournisseurs et grand industriel gaz consommateurs dans l’UE immédiatement exprimé intérêt et étaient disposés à prendre part dans l' UE's joint achats gaz initiative, said Sefcovic, vice-président de la Commission_européenne. Un de la clé objectifs de l’initiative entière est à garder le prix de gaz bas par acheter it en grandes quantités.

Europe's gas buyers' organisation has been a great success, with European gas reserves reaching 80 percent . However, Europe's purchases of US LNG are still declining, with its June purchases of 4.15 million metric tonnes down from 5.63 million metric tonnes in May.

Le massif thésaurisation de naturel gaz dans les États-Unis a put importante pression sur futures prix dans le proche terme. For natural gas futures for delivery in 2023, they are currently trading nearly €12/MWh below the April 2024 price. By contrast, units of natural gas were trading at €5 higher at the start of this year and a full €38 higher at the same time dernière année.