NATGAS
The end of pipeline gas imports from Russia via Ukraine from Jan. 1 should boost LNG deliveries to Continental NWE, the most cost-effective option of importing gas Central Eastern European, Platts said.
- Platts expects Germany to eliminate the gas storage levy by the end of 2024, currently 80 cents/MMBtu.
- Central European markets can receive LNG via Italy, but terminal access and high regasification costs make it less economical.
- Platts forecasts that supply will primarily comes from terminals in the Netherlands and Germany, imported into Austria and Czechia.
- Ample capacity exists and interconnection points: 150 mcm/d towards Czechia and 70 mcm/d towards Austria.
- The end of Russian gas flows will be cushioned by gas storage, which will end winter around 10% lower on the year.
- Deliveries to NWE LNG terminals are expected to rise by 52 mcm/d, or 22% on the year for Q1. Summer LNG imports are seen up 32% on the year.
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