Natural gas at a crossroads

FuturENERGY Dec. 18 - Jan. 2019

Since the arrival of natural gas in Spain almost half a century ago, no two years have been the same as regards market behaviour. After the calm of the previous year, 2018 has seen a sustained growth in demand, translating into a trend increase in European prices, which started with the minimums of the second quarter of 2017 (14 €/MWh) and reached a peak in the third quarter of 2018 (30 €/MWh). The price then fell due to the economic slowdown and continued uncertainty still felt today…By Javier Esteban, Chairman of GasINDUSTRIAL.