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LNG
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Media Mentions
Independent| LNG Imports
Following the release of Cornwall Insight's paper 'The shifting sands of Liquified Natural Gas in Europe' our Senior Analyst Matthew Chadwick spoke in the Independent on why surging LNG demand in Asia, could leave Europe open to potential gas shortages. Independent
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Press Releases
European LNG supply under pressure amid escalating competition and price surge
A new report from Cornwall Insight has exposed the challenges facing Europe's Liquified Natural Gas (LNG) supply, as growing competition from China and price rises increase pressure on the gas market. The analysis, focusing on LNG security over the upcoming winter, highlights that heightened Chinese gas demand, driven by economic...
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Press Releases
Europe’s gas storage levels forecast to finish winter higher than 2020
Modelling from Cornwall Insight suggests European gas storage levels will end this winter between 45-61% full, with an average of 55% and could reach 88-100% full by September 2023. The data, included in our insight paper ‘Crisis behind, challenge ahead: European gas storage levels for 2023’ shows this would be...
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Press Releases
Winter 2023-24 price cap forecasts fall further below 2022-23 EPG, but long-term prospects remain uncertain
The predictions for the Default Tariff Cap in this piece are out of date please click HERE to find our most up to date forecasts. The latest forecasts for the Default Tariff Cap (price cap) released by Cornwall Insight, have shown energy bill predictions for a typical household1 have fallen to £3,208...
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Press Releases
Drop in power price predictions up to 2030 but prices to remain above pre-pandemic levels for next decade
New data from Cornwall Insight has shown a drop in our predictions for power prices up to 2030 as Europe secures alternative energy supplies to compensate for reduced gas flows from Russia. The data included in our fourth 2022 – GB Power Market Outlook to 2030 – has shown price...
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Press Releases
Businesses could see energy bills increase fivefold in October
Businesses in the UK will see their energy bills rocket when new contracts are negotiated in October1 according to data from Cornwall Insight. Some will face bills five times their current price, as concerns over Russian gas supply, tight electricity markets in Europe, and a global disruption to Liquified Natural...
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Press Releases
We must focus on cutting energy bills now, if we want support for net zero in the future
Before conflict erupted in the Ukraine, it was clear that a long-term restructuring of our energy markets to deliver net zero sustainably, with security was essential. We now see a focus on accelerating plans, as the current crisis imposes greater urgency. But results of strategies aiming at outcomes over periods...
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Media Mentions
The Daily Telegraph – Energy crisis intensifies
Tim Dixon spoke to The Daily Telegraph about the mounting energy crisis seen in Great Britain. Explaining why we are seeing high wholesale prices Tim said gas storage levels across Europe are well below levels we would expect them to be heading into a winter season There is still uncertainty...
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Press Releases
Wholesale power prices expected to remain high for the winter season
The latest Cornwall Insight forecasts suggest winter wholesale power prices are to remain at their high levels, with the potential for price spikes in periods of high demand and low wind, as margins look tight for the winter ahead. The key driver of power prices will likely be gas prices...
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Media Mentions
Montel | LNG supply
Craig Lowrey Senior Consultant at Cornwall Insight was quoted in Montel discussing LNG supply. The UK continues to face a severe lack of LNG amid still strong Asian demand for the fuel, resulting in growing concerns about gas availability and an inevitable surge in prices. Craig Lowrey, senior analyst at...
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Press Releases
LNG changing the UK gas supply mix
The last quarter (Q119) saw a significant change to the UK’s gas supply mix, as the UK’s gas interconnector imports started to become displaced by a surge in LNG imports. Interconnector imports and LNG send-out have changed from 4.6% and 17.0% of total gas supply in February to 0.1% and...
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Press Releases
Gas demand volatility linked to renewables
On 1st March 2018, when the UK was amid the ‘Beast from the East’, National Grid issued a gas deficit warning for the first time since the system was introduced in 2012. The warning followed multiple gas supply outages, including South Hook LNG terminal, Kollsnes gas processing plant and the...
