European fuel switching and carbon prices touted

ANALYSIS firm IHS Markit has lauded the seismic changes in the European gas and power markets last year, noting Europe’s fuel switching thanks to cheap gas and abundance in renewables combined with high carbon prices has led to a massive reduction in greenhouse gas emissions.

Winds of change blow across Europe

10 January 2020
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IHS said Europe set new records for net imports of LNG each month, with near-record low gas prices being observed for a fourth quarter winter period averaging €12.5 (A$20) per MWh or $5.

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