LNG/gas analyst
London, England
Joined July 2009
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A market failure is the inefficient allocation of resources in a free market. It is not high/low/volatile prices. Given that the #EU's #gas market has filled storages, curbed demand and pulled in loads of #LNG, it's hard to see how it could have been any more of success.
Jake Horslen retweeted
27.6 BILLION new solar panels? 4.5 billion tonnes of copper? The mining required for a global #energytransition to wind + solar energy is simply earth-popping.
Look out @COP27P #COP27
Research by @SimonMichaux.
youtu.be/19-gqgugKOc
Ok then:
(ourworldindata.org/grapher/d…)
This Post is from an account that no longer exists. Learn more
Jake Horslen retweeted
Glencore will supply coal to a Japanese customer at one of the highest prices ever paid by the nation 🇯🇵💰
💵 Nippon Steel inked an annual deal for thermal coal through March at $375/ton
🪨 Coal prices are surging as buyers shun Russia and gas is scarce
bloomberg.com/news/articles/…
Jake Horslen retweeted
An energy-use public awareness campaign for anyone on the European continent.
#OurKillerWattsOurMegaWatts
Please RT
Jake Horslen retweeted
Thermal coal is $120 a ton more expensive than coking coal despite being ‘inferior’ in quality. Some market commentators have suggested this presents an arbitrage opportunity, and soon the pricing gap will close.
Here is why substitution is not that simple. Let’s dig in🧵:
Jake Horslen retweeted
From S&P Global Commodity Insights:
LNG would offer only limited, temporary relief in the event of Russian gas supply disruption this summer
platform.platts.spglobal.com…
Continue reading the content by subscribing to S&P Global Platts Dimensions Pro. Email [email protected].
Jake Horslen retweeted
Wow! Germany quick out of the starting blocks - the govt has given cash to gas hub operator THE to start buying LNG to help refill depleted German storage sites. A reported Eur1.5 billion. Might not get them much at current prices, mind. #ONGT
Some #gas storage context: this chart expresses aggregate De,Nl,Be,Fr stocks in terms of the avg temp deviation needed to cut levels to 10% by end-March.
Normally stocks can withstand Bal-Win temps at least 15% colder than normal (typically a lot lower), but... 1/2
Jake Horslen retweeted
The true costs of Net Zero - a must-read from @Dieter_Helm
dieterhelm.co.uk/energy/ener…
"Why is electricity so much more expensive than the cheapest and cleanest ways of producing it?"
Answer: bc the cheap/clean gen isn't enough to meet demand. For production to = demand we need to pay anyone who can supply the extra. Gas&coal gen can do this, if prices cover costs
With debate still raging about energy prices – glad to get the following letter into the Times yesterday. thetimes.co.uk/article/times…
Jake Horslen retweeted
🔥 Uncertainty looms over Russian #gas supply to Europe in December | #ONGT | spglobal.com/platts/en/marke…
Jake Horslen retweeted
From @FT
Read it carefully, as @FT doesn’t write this every day
1•Too much decentralized markets cannot guarantee both decarbonization & security of supply
2•More coordination & planning are required. Don’t do it like UK government which did not care. on.ft.com/3BjmR06
Jake Horslen retweeted
European natural gas benchmark prices climb more than 20% now to fresh record high (both UK NBP and Dutch TTF). A complete train wreck. #EuropeanEnergyCrunch
Jake Horslen retweeted
🇯🇵 News story - Japanese #powergeneration from fossil fuels recorded its steepest annual decline since Jul 2019 in Aug and probably fell again in Sep, on weak overall power demand and stronger output from #nuclear and #hydropower sources: okt.to/2px0F6 | #ArgusCoal
Jake Horslen retweeted
🌐 News story: Global Aug #thermalcoal exports rose on the year for a 5th consecutive month, but seaborne supply remains down on pre-Covid levels as only one major exporting nation, Russia, has consistently raised shipments above the 2019 mark okt.to/cFsy4h | #ArgusCoal
