Free Trial
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.
ENERGY
European fuel switching has increased this year and is estimated to increase further in the last quarter, amid limited gas supplies from Russia.
- Gas-to-oil switching was 300k bpd in the 3Q22 and could reach 450k bpd in 4Q22, both almost twice the amount in the same periods last year, according to IEA estimates.
- Industries such as glass producers, tyre makers and refineries have therefore been trying to switch to other fuels.
- However, European industries' ability to substitute natural gas with diesel and fuel oil to produce power is limited by high infrastructure costs and strict environmental regulations.
- European industries' capacity to switch from gas to liquid fuels is around 2GW, or 2% of total installed capacity, according to Eurelectric, around 3% according to Rystad, and 5% according to FGE.
Source: Reuters
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok