In October 2021, new record prices on energy markets are prevailing. The EU Commission launches a toolbox as short-term response to high energy and commodity prices. Another consequence of the price rally: A switch took place from natural gas to oil and oil products in the energy sector. Besides that, there will be a reduction of the EEG levy for 2022.
The scenario framework of the transmission system operators for gas (FNB Gas) for the 2022 – 2032 Network Development Plan contains some interesting figures. For example, there were over 100 project notifications for hydrogen projects in Germany. With almost 25 GW of electrolysis capacity by 2030, these figures exceed the plans of the German national hydrogen strategy many times over.
In the second part of the World Energy Outlook 2020 blog series, we provide a detailed overview of the significantly adjusted development expectations for the global oil, gas and coal markets. For this, we use our fundamental model Power2Sim. The model allows us to quantitatively estimate the long-term effects on European power prices until 2040 as well as the sales revenues of renewable energies.
As the transformation of the energy system to renewable energies, increased sector coupling and electrification progresses, grid infrastructures are also subject to change. The operators of electricity and gas networks must prepare themselves for this.
Liquefied natural gas (LNG) is on the way to enable a global gas market with growing consumption and trade during 2018. The largest regional market for the LNG is Asia, especially Japan, China and South Korea. Increasingly, Europe also seeks to diversify its gas supply and LNG import terminals are being upgraded or constructed. This article covers the most important developments and trends in today´s LNG markets.
Both the negotiations on the German coalition agreement and the prices on commodity exchanges were very volatile in February 2018. PPAs are becoming increasingly attractive and the results of the tenders for renewable energies speak for themselves.
Since the beginning of August 2017 the prices on the electricity and commodity markets have been breaking one record after the other. Is it eventually time to pop the corks and finally ring in the end of the lean times? Or is it barely a temporary anomaly? To find an answer, we investigate the causes of the current price development.
Natural gas can either be transported grid-bound via pipelines or liquefied as LNG. In order to increase the energy density, the gas is transported through the pipelines under high pressure (around 80 bar).