Belgium, France, Netherlands - Sep 13

Published at 10:20 8 Oct 2013 by . Last edited 15:12 5 Nov 2018.

The one constant in September across the northwest European gas markets of Belgium, France and the Netherlands was the need to inject gas into storage, with each country injecting more than in September of last year – almost 700 mcm more between the three. Looking to the coming winter, inventories of gas in storage remain lower y/y across the region at the end of the gas year.

Apart from storage injections, end user gas demand from the residential and commercial sectors was lower than last year, while industrial sector demand was little different with only the Netherlands reporting a y/y increase.

Norwegian imports were more or less maintained across the three markets as a whole. A tighter LNG market in September meant that only France managed to increase its imports. Even so, the numbers for LNG are small and have ceased to be an important determinant of the region's supply and demand balance.

Directionally, prices will be very sensitive to weather and so flexibility in these markets will need to come more from pipes, particularly if weather brings an early start to the withdrawal season.

Log in to download

Other Europe publications

Unbalanced bull

Published 5 days ago

2019-07-15 Natural Gas - Europe - Unbalanced bull cover
Some supportive short-term supply fundamentals coalesced on Monday morning to help last week’s bu..

Read more

Norway

Published 1 week ago

2019-07-12 Natural Gas - Europe - Norway cover
Users licensed for the data service can access our Norwegian production and pipeline exports data..

Read more

Northwest Europe

Published 1 week ago

2019-07-11 Natural Gas - Northwest Europe cover
A steep rise in coal and carbon prices has dragged European gas contracts up so far this month, b..

Read more

Searching for storage

Published 1 week ago

2019-07-11 Natural Gas - Europe - Searching for storage cover
At the start of Q2 19, we talked about the importance of getting the 25 bcm y/y storage surplus d..

Read more

NBP

Published 1 week ago

2019-07-09 Natural Gas - Europe - NBP cover
Please note that users licensed for the data service can access our UK gas balances by clicking h..

Read more