The Northeast has fought the expansion of natural gas pipelines for decades. As a result, it is the only region in America that still heats homes using (dirty and expensive) oil despite being adjacent to one of the most prolific nat gas fields in the world.
I had the view the weakness in UK ETS price is due to the lack of supply-adjustment mechanism like the EU MSR.
So it is really a positive sign that the UK government statement from yesterday mentioned 'examining the merits of a supply adjustment mechanism.'
Collapsing the U.K. ETS also makes it far more challenging to ever envisage connecting the market to the EU ETS - something most of heavy industry and the energy sector strongly support.
Carbon markets are a cornerstone of net zero - and the UK’s is arguably broken
The UK carbon market is the cornerstone of net zero - way more important than Ulez or Rosebank
But the government has quietly undermined it, and it is now ~40% below the EU carbon price
The result? More fossil fuels and green projects harder to fund
https://t.co/Mq7f6RWboN
Interesting and spectacular behavior of Nogent2 nuc
Will connect earlier than expected on the grid following preventing replacement of pipes following stress corrosion
87 days of stop vs 161 initially planned : 74 days ahead !
Start of a new golden era for fr nuclear units ?
Natural-gas prices are in retreat around the world, a windfall for the global economy. But the outlook isn't entirely positive. Story with @kimmackrael https://t.co/7PK0WpAqUu via @WSJ
It's two weeks since Russia arrested our colleague Evan Gershkovich. We all look forward to the day when Evan is back doing what he does best--chasing a thrilling and important story and having an adventure on the way. Read his articles: https://t.co/KOw3WtA4Xe #IStandWithEvan
@TonyTassell@OilSheppard Very much agree with the conclusion: We're "demonstrating that market economies can find a way through. But sadly there’s a lot of pain to come."
Overall Europe is managing better than we expected (and much better than Putin expected us to), but still far too early to celebrate.
Profesional update: After six exciting years at S&P Global I’ve joined BNP Paribas in commodities strategy, expanding my coverage into power and carbon. Very grateful to all my former colleagues and looking forward to the challenge ahead https://t.co/lbe4TVVKUW
Great to speak with @StreetSignsCNBC @CNBCi@cnbcKaren on Russian gas, Nord Stream, European demand, and the TTF price outlook (recorded last week) @SPGCIGas #ONGT https://t.co/upBvXjwM7h
The British newspapers will tomorrow lead with the risk of winter blackouts.
The UK government still refuses to launch a campaign of energy savings.
The risk was clear to everyone inside the industry: https://t.co/DBPWozgYh2
And here my latest column: https://t.co/cZGLo4uN8B
@AnnaHbrt@vonderleyen The TTF hub represents the price of gas in the Netherlands. It has temporarily dislocated from the hubs in parts of Europe that have more access to LNG due to an infrastructure bottleneck, which is rapidly being resolved. This issue doesn’t require market reform.