Commerzbank analysts highlight that stronger heatwaves in Europe and Asia are likely to lift electricity demand and gas-fired power use, complicating European storage refilling. An explosion at Qatar\u2019s LNG complex may delay a planned ramp-up to 80% of pre-war exports, keeping LNG supply tight for longer and potentially supporting higher gas prices through the summer.<\/p>\n
Heatwaves and LNG risks tighten market<\/p>\n
“Upward pressure on electricity prices is further reinforced by stronger heatwaves and the resulting increased use of air conditioning, which raises electricity demand.”<\/p>\n
“This in turn could boost the need for gas-fired power and thus push gas prices higher.”<\/p>\n
“This applies not only to Europe at the present time, but also \u2013 due to the El Ni\u00f1o weather phenomenon \u2013 particularly to Asia in the coming months.”<\/p>\n
“If gas demand is elevated \u2013 whether in Europe itself or in Asia \u2013 this could prove challenging in view of the persistent supply problems stemming from the Iran conflict.”<\/p>\n
“The timeline recently announced by the facility\u2019s operator – to increase LNG exports to 80% of pre-war levels within two months – could turn out to be too optimistic.”<\/p>\n
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)<\/p>\n","protected":false},"excerpt":{"rendered":"Commerzbank analysts highlight that stronger heatwaves in Europe and Asia are likely to lift electricity demand and gas-fired…\n","protected":false},"author":2,"featured_media":514494,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[72,113,61,60],"class_list":["post-514493","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-ie","tag-ireland"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/514493","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=514493"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/514493\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/514494"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=514493"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=514493"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=514493"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}