Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Actually, the price in Italy just collapsed, and they are exporting the surplus to other countries in Europe.
by gk (gk (gk quattro due due sette @gmail.com)) on Wed Sep 28th, 2022 at 12:53:16 PM EST
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What's the re-export margin?
by Cat on Wed Sep 28th, 2022 at 01:29:16 PM EST
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Tutto ciò spiega l'altro fenomeno segnalato dagli addetti ai lavori. E confermato dai dati di Snam, il gestore della rete nazionale del gas. Ieri, sono arrivati circa 25 milioni di metri cubi di gas in Italia al punto di ingresso del Tarvisio, dove arriva la materia prima fornita da Gazprom. Di questi, 18 milioni sono stati esportati. Un dato che si conferma anche questa mattina: sono circa 15 i milioni arrivati e solo 3 sono rimasto in Italia. Ecco spiegato - come ha segnalato il sito specializzato Staffetta quotidiana - perché c'era stato un allarme (poi rientrato, ovviamente) di un netto calo delle importazioni dalla Russia).
by gk (gk (gk quattro due due sette @gmail.com)) on Wed Sep 28th, 2022 at 01:37:25 PM EST
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Thanks. I can't get past the paywall.
Is there info on price/mcm exported?
by Cat on Wed Sep 28th, 2022 at 02:03:23 PM EST
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I posted a link without the paywall, but it doesn't work anymore. Search on Google for the title, and you may get past it.
by gk (gk (gk quattro due due sette @gmail.com)) on Wed Sep 28th, 2022 at 03:54:16 PM EST
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This is the lede.
This could become excellent news for our bill as long as the phenomenon is repeated throughout the month of October.

Let's start with the facts. In the last two days, the price of gas in the Italian market is almost two thirds lower than the prices on the ["]European["].

Odds are, if premium added to import from Algeria (or "North Africa") is not in the story, it's not public; it's is never going to be public. Especially if France is hoovering ahhh excess capacity.

Recall, DE plausible deniability of contract-busting "reverse flow" of Nord Stream 1 mcm via Yemel to RUB-hating PL.

by Cat on Wed Sep 28th, 2022 at 04:44:18 PM EST
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Gas, crolla il prezzo in Italia: costa un terzo rispetto all'Europa. E ora lo esportiamo | il Repubblico |

It can be clearly seen from the prices: the Ttf index, listed on the Amsterdam Stock Exchange and a reference point for trading in Europe, on Monday reached a peak of 220 euros per megawatt hour, while in Italy the values ​​at PSV (virtual trading point) which serves as a reference for the Italian market has reached a minimum peak of 80 euros. Basically, operators had much more interest in selling in the rest of Europe than in keeping the gas or selling it in Italy.

The stockpiles (the filling of which had caused the price to rise) are now 90% full and can be used in case of need, calming the market. Two-thirds of Russian gas was replaced by Algerian gas, gas arriving by ship and alternative suppliers such as Norway and Azerbaijan (TAP will rise to 9.5 billion cubic meters at the end of the year against 7.5 of 2021).

'Sapere aude'
by Oui (Oui) on Wed Sep 28th, 2022 at 05:23:14 PM EST
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by Cat on Wed Sep 28th, 2022 at 08:32:46 PM EST
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