CEDIGAZ Insights - Page 2

From Crisis to Cooperation: Japan’s IEA-Led LNG Stability Framework Initiative

Exclusive Preview from the CEDIGAZ Annual Survey of Global Underground Natural Gas Storage

Posted in Analysis, CEDIGAZ Insights, Underground Gas Storage on

UGS was definitely in the spotlight in 2022/23. The global gas crisis has revealed the strategic value of storage for the market, and its crucial role for security and stability of natural gas supply. The introduction of stricter regulations on natural gas (and LNG) storage is part of the set of measures introduced by governments across the world to tackle the energy crisis.

Russian gas in Europe: Yesterday, Today, Tomorrow.

Posted in Analysis, CEDIGAZ Insights, Country Report, LNG Markets, Natural Gas Market, News on

An in-depth analysis of recent developments and prospects in Europe-Russia gas relations

 With quality information from Russia getting increasingly scarce, the Russian natural gas market has become more and more of a black box. In its latest report “Russian gas in Europe: Yesterday, Today, Tomorrow. An in-depth analysis of recent developments and prospects in Europe-Russia gas relations”, CEDIGAZ tracks the unprecedented changes between glorious “yesterday” (2018-2021), gloomy “today” (2022-Q1 2023) of Russian gas (both pipeline and LNG) in Europe, including the evolution of the European countries’ dependence on Russian gas, using data still available. The report also discusses possible futures for Russian gas in Europe after 2023 (“tomorrow”) – given new inputs, including selected pipeline export routes limitations, the Turkish natural gas hub initiative, and Russian LNG project developments.

UNDERGROUND GAS STORAGE IN THE WORLD – 2022 STATUS

Posted in CEDIGAZ Insights, Underground Gas Storage on

Key UGS metrics in the world remained virtually unchanged in 2021

Seven new storage facilities were commissioned, six of which were in China and one in Sharjah. These new capacities were largely offset by declines in the main storage markets. Overall, the global number of storage facilities, working gas capacity and peak withdrawal rates remained virtually unchanged year-on-year.

… but interest in UGS is growing, as evidenced by a growing pipeline of new projects and expansions totalling 133 bcm of working capacity

While the UGS market remains highly concentrated, with 5 countries (United States, Russia, Ukraine, Canada and Germany) accounting for almost 70% of global storage capacities, there is a clear shift of storage activity towards new, fast growing gas markets, China and the Middle East notably.