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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
NATGAS
The trend for European coal to gas fuel switching is expected to continue this year according to Rystad Energy via Reuters.
- "There has been quite a lot of coal-to-gas switching in recent months. We saw clear evidence of a large shift in coal-to-gas switching in 2023, which has continued into 2024," said Fabian Skarboe Roenningen at Rystad Energy.
- More coal-to-gas switching is expected in countries with both coal generation and either gas generation or transmission capacity to import gas.
- Gas prices have fallen closer to pre Ukraine war levels while greater use of renewable energy is discouraging use of heavily polluting coal.
- EU carbon permit prices have also fallen in the last six months to around €61/mt but would need to decline further to €47/mt or lower for even high-efficiency coal plants to be able to replace low-efficiency gas plants in Q1, according to Veyt analyst Marcus Ferdinand.
- France, Spain, Italy and Britain have either phased out coal completely or have limited scope for large-scale coal-to-gas switching.
- Gas power generation in Poland was up 32% year-on-year in the first two months of 2024, while hard coal and lignite use fell 15% and 10% respectively over that period, according to Forum Energii.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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