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Gernot Wagner (gwagner@fediscience.org)'s status on Friday, 07-Jul-2023 11:42:10 JST Gernot Wagner

The transition from fickle, unreliable fossil fuels to stable, reliable renewables can't come soon enough
https://www.reuters.com/business/energy/europes-gas-storage-is-filling-too-fast-kemp-2023-07-06/
#climate #gas #EU
In conversation Friday, 07-Jul-2023 11:42:10 JST from fediscience.org permalink
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1. Front-month futures prices have already fallen by 85% in real terms since August 2022 to encourage more consumption by electricity generators and industrial users as well as re-route liquefied natural gas (LNG) cargoes to Asia.
  https://fediscience.org/system/media_attachments/files/110/668/022/324/896/664/original/7770e27e05d5ea19.png
2. Nearby futures prices are under persistent pressure, pushing calendar spreads into a steep contango to boost consumption this summer while conserving it in the middle of winter 2023/24.
  https://fediscience.org/system/media_attachments/files/110/668/027/765/821/528/original/c85cef98119b85f2.png
3. Domain not in remote thumbnail source whitelist: www.reuters.com
  
  Column: Europe’s gas storage is filling too fast
  
  from John Kemp
  
  Europe’s gas storage is filling more slowly after prices fell sharply in the first half of the year, but a further slowdown will be needed to prevent space running out before the start of winter 2023/24.

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