MARKET INSIGHT Storage Refill Crawls in US, EU Spotlight on UK

摘要

Storage is steadily rising in Europe, but the summer refill in the US has been crawling. Last week's data from the US Energy Information Administration (EIA) appears to confirm that the factors that have stymied the pace will remain entrenched Chief among them is the record amount of gas being burned for power generation. According to Platts Analytics data, June has so far averaged 31.6 billion cubic feet per day in power burns—up 1.8 Bcf/d from last year—and last week was cruising above 33 Bcf/d There's little reason to expect gas burns to back down. Peak cooling loads are approaching and gas is now at parity with coal in the US power generation sector.