Global gas prices rally on hot summer, storage demand

July 4, 2021/in /by Rudolf Huber

When I started working in the gas world (which feels eons ago) there was a simple structure in European gas storage. In summer we filled the storage up, in winter we use the extra gas to cope with peak demand. That was before Austrians started to put air conditioning into every room. This summer we have not exceeded the 36° mark and people talk about a hot summer. When just years ago we were at 42°. We have become softies. And storage does not fulfill its old job anymore.

Global prices for natural gas are at multi-year highs, with high temperatures driving up demand for power generation in the northern hemisphere for air conditioning and as traders in some regions replenish stocks ahead of…

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I first discovered a certain Rudolf Huber while he was wrapping up at Fuel Emulsions International and starting at NeXtLNG. After setting me straight on my quest for the latest innovations with Marine fuels, I knew that the “Pit Bull” deserved special notice. Aside from having a passion for the Energy Business, he also has a teacher’s ability to inspire further investigation. He ventures an opinion where others don’t dare and he does so with wit that few who follow the sector can match. Rudolf champions realistic energy choices and is not afraid of shining BRIGHT lights on the changes ahead.

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I met Rudolf at the beginning of 2011, since we were both involved and working together within several European / Scandinavian projects for the development of technology, standardisation and legal aspect in the use of LNG as marine fuel and along its supply chain. Rudolf has vast expertise in, and perspective on, different aspects of LNG technologies, suppliers, infrastructures and supply chain options. He is able to provide a deep understanding and insight into these areas and is a conscientious and diligent source. Moreover, he is a tremendous visionary on the geopolitical, trading and technology aspects of energy, with a special remark for LNG traditional and small / mid magnitude chain. Rudolf has very proactive personal and working approach and is an excellent team worker and leader. Not least, he has a unique persuasive way of writing, negotiating and delivering speeches. I would certainly recommend him as an excellent expert and believe he would be a powerful asset for any company actively working in Oil and Gas. Thank you Rudolf! Marco

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I was introduced to and met Rudi in Angola when he started to develop his Sub Saharan Africa network. At the time he worked for EconGas/OMV and he tried organizing longterm LNG supply for them under the unlikeliest of all circumstances. He figured that Africa would be the only place where this would be a realistic prospect for long term uncommitted supplies of LNG. Rudi did not hesitate, started in Africa from absolute zero and spawned relationships and personal friendships with incredible speed. When I met him I didn’t know much about LNG. Today I follow the LNG news on my continent with great interest and a much clearer understanding of the LNG trade. Whenever I have a job that involves venturing into the unknown, Rudi will always be my man.

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I worked with Rudi on a key Europe-Middle East LNG supply chain transaction. He is incredibly driven and pushed the deal forward under very challenging internal and external circumstances. He is culturally astute and was able to navigate very successfully through the various subtleties within the global energy community. Also a great guy to work with!

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Allen & Overy

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Kinetrex Energy

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Catalyst Recruiting, Inc

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I love your acute commentary, Rudolf, informative, reliable, sensible and refreshing. Let’s hope more follow your example and we start to realize the full potential of professional social media.

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Environmental Film Group West

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