There will likely be no bodily fuel shortages within the Netherlands this winter. This was beforehand proven in a research by Gasunie Transport Providers (GTS) and this state of affairs is now actuality. Costs are excessive, nonetheless, and it’s because there’s nonetheless a structural shortage in north-western Europe. The implications of this result in a value driving impact in our market space.

The stress on costs might be eased by saving vitality, increasing LNG import capability within the Netherlands and accelerating the vitality transition. Gasunie is subsequently working, for instance, in shut cooperation with the Dutch authorities, to construct a nationwide hydrogen community. Nevertheless, hydrogen can’t but exchange the demand for pure fuel for the subsequent 2 – 3 years. Power saving stays essential however figures present that Dutch households and corporations are already doing so considerably resulting from excessive costs.

For the quick time period, realising extra LNG import capability is subsequently essentially the most acceptable strategy to stabilise costs on the fuel market. The extra LNG coming in via the Netherlands reduces provide shortage and will thus contribute to reducing fuel costs. To pursue a lower on this fuel value, Gasunie is taking a look at a brief additional growth of import capability till winter 2025/2026. These are measures that may be deployed as early as subsequent winter (2023/2024) and ideally earlier than the fuel storage filling season begins (April 2023).

Gasunie desires to grasp this growth on a brief foundation due to the significance of the transition to a sustainable vitality provide. The intention is to make use of as many components of the momentary installations as doable for hydrogen transport after a couple of years.

Learn the article on-line at: https://www.lngindustry.com/liquid-natural-gas/15122022/gasunie-investigates-options-for-increasing-lng-imports-in-the-netherlands/