Avoiding Russian gas in Europe: “For 2022, we took results starting from Week 10 (7 March) until the end of the year. The results show that there is minimal fuel switch away from gas left in the European system, amounting to +9TWh of coal/lignite and +15TWh of oil-fired generation, which enable a 24TWh reduction in gas generation across Europe for the rest of the year. Emissions would be 20Mt higher than the Base.”
Explains why Brent is strong today.
For other natgas scenarios, click the link in this Tweet: