In this week’s Resonance energy market podcast episode, Jeremy Nicholson talks to Alfa’s Dan Veasey as we see extreme heat in Southern Europe.
Topics explored include:
- Not much response in pricing to extreme heat, although there is some reduced capacity of the French nuclear fleet.
- Demand has increased in southern Europe, but there is significant renewables generation to counter that right across Europe.
- The variability of renewables and the impact on the management of grid.
- Norwegian gas production increases following the return of a major processing plant. Further maintenance lies ahead next month.
- LNG drops, but meets demand and storage is expected to be at capacity going into winter.
- However, any significant cold snap or supply disruption still presents a real risk for both winter and next summer, especially with LNG demand in Asia picking up.
- The threat to remaining Russian gas supplies.
Listen to the latest episode of the Resonance podcast. This episode was recorded on 18th July 2023.