Gas import price rushes from record to record
There is nothing surprising about the preliminary data from the German Federal Office of Economics and Export Control (BAFA) on German natural gas import volumes and prices. The gas import price reached a new high for another month in a row in December. Compared with November, it rose by another 1,886 € – and thus by 20.5% – to 14,791 € per TJ (equivalent to around 5.32 cents per kWh). Compared to December 2020 ...
There is nothing surprising about the preliminary data from the German Federal Office of Economics and Export Control (BAFA) on German natural gas import volumes and prices. The gas import price reached a new high for another month in a row in December. Compared with November, it rose by another 1,886 € – and thus by 20.5% – to 14,791 € per TJ (equivalent to around 5.32 cents per kWh). Compared to December 2020 (4,252.73 €), the increase is even 247.8%. It is the third record value in a row in the EID statistics, which go back to the year 2000. No similarly high value can be found in the BAFA statistics, which even take into account the years up to 1991. At the end of the year, a price rally finally broke out in gas trading, with short-term prices in the THE market area shooting through the roof. A development that is also echoed in the cross-border price due to market price lock-in clauses in import contracts.
Gas imports also increased in December – relative to the previous month – according to BAFA calculations. At 403,363 TJ, the highest monthly volume of 2021 came into Germany at the end of the year. In total, German natural gas imports amounted to 4,949,812 TJ last year.
The value of import gas purchases in 2021 was 35.3 billion € compared to 18.3 billion €, almost doubling.
(Kopie 3)
(Kopie 4)
There is nothing surprising about the preliminary data from the German Federal Office of Economics and Export Control (BAFA) on German natural gas import volumes and prices. The gas import price reached a new high for another month in a row in December. Compared with November, it rose by another 1,886 € – and thus by 20.5% – to 14,791 € per TJ (equivalent to around 5.32 cents per kWh). Compared to December 2020 (4,252.73 €), the increase is even 247.8%. It is the third record value in a row in the EID statistics, which go back to the year 2000. No similarly high value can be found in the BAFA statistics, which even take into account the years up to 1991. At the end of the year, a price rally finally broke out in gas trading, with short-term prices in the THE market area shooting through the roof. A development that is also echoed in the cross-border price due to market price lock-in clauses in import contracts.
Gas imports also increased in December – relative to the previous month – according to BAFA calculations. At 403,363 TJ, the highest monthly volume of 2021 came into Germany at the end of the year. In total, German natural gas imports amounted to 4,949,812 TJ last year.
The value of import gas purchases in 2021 was 35.3 billion € compared to 18.3 billion €, almost doubling.
(Kopie 5)
