Impact of Gas prices to Methanol Trading in European market

Authors : Punhan Huseynov

Pages : 3385-3394

Doi:10.46868/atdd.2024.821

View : 25 | Download : 53

Publication Date : 2024-11-29

Article Type : Review Paper

Abstract :This paper is focusing on the impact of Russian gas price the Methanol price and trading in Europe. Europe’s hunger for energy has always been a difficulty. Despite efforts to increase the use of renewable sources, with the mounting sentiment against nuclear energy, reliance on fossil fuels is more important. In particular, energy source with extensive industrial and domestic uses. Nearly three-quarters of the European Unions natural gas consumption is imported and 40% of the total import comes from Russia. We investigate the impact of Russian gas price the Methanol price and trading in Europe. The purpose of our investigation is to show the effect of Russian gas for Methanol trading and to define another alternative way to Russian gas. Firstly, we introduce methanol as a main player on industry. Secondly, we show global methanol view and market share. Thirdly, we focus on the importance of Russian gas for Europe. In conclusion, we propose another alternative way to Russian gas and consider that Methanol market can stay stable in Europe.
Keywords : Keywords: Methanol, Gas price, Russia, Methanol derivatives, European market