Florence Schmit

Energy Strategy at Rabobank International | Former Power/Natural Gas reporter @ArgusMedia | Views my own |

[Florence Schmit @FlorenceSchmit]

Another turn of events in [energy] markets
🇬🇧 UK has eased sanctions on imports of Russian #jet fuel and #diesel refined in third countries as a result of the Iran war - for an indefinite duration
🇺🇸 US again extended a sanction waiver for Russian oil cargoes

[Florence Schmit @FlorenceSchmit]

#TTF gas is lifting Europe’s power and the #ETS market today. Gas prices up 18% since the middle of June. If #gas supply in the Middle East is actually curtailed in the next days, ~40€ is the new normal

[Florence Schmit @FlorenceSchmit]

Another ⬆️ for #TTF gas as Egypt awarded tenders for 20 #LNG cargoes for this summer after looking for 17

[Florence Schmit @FlorenceSchmit]

The day that 🇳🇴Norwegian gas supply returns to more normal levels after extended outages, 🇦🇺Australia‘s #Wheatstone gas facility suspends activities. ⬆️ and again #TTF gas is up 10% in a day.

[Florence Schmit @FlorenceSchmit]

European Energy; European #gas demand is down 34% since February yet #TTF gas prices are up +20%
1) 🇺🇸+🇳🇴 supply cuts
2) strong Asian #LNG demand set the tone for what’s to come this summer ⬆️

[Florence Schmit @FlorenceSchmit]

European Energy: 🇩🇪German #power prices remain close to €100/MWh this week despite more than 50% #renewables in the mix as 🇫🇷French grid causes disruptions

[Florence Schmit @FlorenceSchmit]

European Energy: #volatility in #TTF gas comes knocking after Russian attacks on energy infrastructure in Ukraine - prices touch €30/MWh and #EUA also back above €70 due to high correlation with gas.

[Florence Schmit @FlorenceSchmit]

New attacks on 🇺🇦Ukrainian energy infrastructure - including storage sites - and #TTF gas is back up 6.5%

[Florence Schmit @FlorenceSchmit]

European Energy: 🇩🇪Germany closed ~4GW of coal capacity over the weekend in the week that started with 75% #renewables in the mix

[Florence Schmit @FlorenceSchmit]

European Energy: #TTF gas briefly up 6% this morning as western Ukrainian gas storage facility was struck over the weekend - could the #transit deal be at risk?

[Florence Schmit @FlorenceSchmit]

🇺🇸US gas production down 20% since the beginning of February, yet not enough to bring #HenryHub back above $2/MMBtu. #CNX latest firm to respond to lower outlook, announcing push back of completion on 3 Marcellus Shale pads

[Florence Schmit @FlorenceSchmit]

European Energy: 🇪🇸#Spanish power price for March just slumped to ~€22/MWh thanks to record #wind and #solar forecast - lowest price since April 2020

[Florence Schmit @FlorenceSchmit]

First 🇺🇸 US gas producers are planning for lower production in 2024 after crash in energy prices.

#HenryHub gas at ~$1.57/MMBtu this week, the lowest price in 3 years

[Florence Schmit @FlorenceSchmit]

European Energy: #TTF gas, German power and EU ETS all testing lows - result of weak demand, high gas storage and strong #renewables output.

TTF is now 66% below the high of €77/MWh in 2023

[Florence Schmit @FlorenceSchmit]

European gas markets have brushed off disruptions from Red Sea attacks
BUT
🏯Qatari cargoes destined for Europe are now diverted around Africa, with first delays reported at European import terminals
🇺🇸US #LNG exports are down after the cold snap
End of #TTF fall?

[Florence Schmit @FlorenceSchmit]

#LNG workers at Chevron Australia's sites to strike from 7 September

https://t.co/fHmNT3ZLI1

[Florence Schmit @FlorenceSchmit]

The revised German gas #storage #levy has already reduced flows to Austria and the Czech Republic

https://t.co/y4tP0ArJzi

[Florence Schmit @FlorenceSchmit]

Denmark🇩🇰 just launched a tender for new #oil and #gas concession in the #NorthSea claiming that this would not change its climate goals, gas consumption or the end date for production .....

https://t.co/0B00Z3LD2D

[Argus Media @ArgusMedia]

🇺🇸 𝗡𝗲𝘄𝘀 𝘀𝘁𝗼𝗿𝘆: Maintenance at the 33mn t/yr Sabine Pass #LNG export terminal throughout this month has led to a drop in US loadings and coupled with an open inter-basin arbitrage that has also pulled supply.

By Florence Schmit and Ellie Holbrook: https://t.co/FuE7IP6szP

[Florence Schmit @FlorenceSchmit]

#German #solar ☀️additions up by 1GW in May - the third consecutive month of more than 1GW of capacity being added according to @bnetza

https://t.co/COjhjuCuqc