Timera comments on the supply and demand story behind the decline in European hub prices. During Q2 gas imports to Europe continued to flow at a relatively high volume, LNG imports were at their highest level ever in April. The response of the market can be mainly shown by the switching of coal for gas plants across the European power markets. More background to the supply and demand story can be found in the Timera commentary of Q2.
|Timera Energy comments on 'Volatility Events' in Q2 2019||Download|