Despite China’s cooling economy, the country’s involvement in Central Asian gas projects shows little sign of slowing down.
Italy’s dependence on gas imports is set to grow. As potential new LNG import projects face delays, opportunities for more diverse and competitive supply could be missed.
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The UK’s Rough gas storage facility, which accounts for more than 70% of the country’s storage capacity, was shut at the start of the month for safety reasons. This pushed up peak winter prices on the NBP forward curve, but peak winter prices have jumped even further – to around 50 p/th ($6.60/MMBtu) – following news that Rough will not reopen until March or April next year.