American President Donald Trump is threatening to cut off US LNG supplies to Europe if Brussels refuses to ratify a trade agreement favorable to Washington. Recent analyses exposed this new vulnerability for the EU. Incentivising imports of US LNG has created a potentially high-risk new geopolitical dependency. The EU’s plan to increase its reliance on […]
EU gas storage preparations should begin early and in a coordinated way, according to the European Commission, which says the bloc remains protected for now but must act quickly to manage market volatility ahead of next winter. The European Commission has called on EU countries to start gas filling season preparations early and in close […]
European gas price cap proposals are facing strong opposition from energy market participants, who warn that intervention could weaken supply security and disrupt market functioning. Industry groups argue that maintaining market-based pricing is essential to attract LNG and ensure stable gas flows into Europe. A broad coalition of energy companies, market operators and financial institutions […]
Unseasonably low European gas demand has so far played an important role in mitigating the immediate impact of the closure of the strait of Hormuz on global market balances. Since the start of March (and the start of the closure of the Strait of Hormuz), European apparent demand has been 14% below seasonal expectations. This […]
Gas storage has become a critical profit driver in today’s disrupted energy markets. The Iran crisis has reshaped pricing dynamics, flipping the traditional summer-winter spread into negative territory and creating new trading opportunities. Instead of relying on predictable seasonal spreads, traders now benefit from volatility. Those using flexible, active strategies can capitalize on price swings […]
The ongoing pause in LNG trade via the Strait of Hormuz is creating a deepening global LNG supply crisis, the magnitude of which remains highly uncertain and ultimately tied to the duration of the conflict between the U.S., Israel and Iran, as well as on the form of its potential resolution. A rapid reduction in […]
European gas storage levels dropped below 30% of their working capacity, standing 35% below their 5y average and at their lowest level since the 2022 gas crisis. European gas storage draws totalled near 55 bcm since the beginning of November, up by 17% compared to their 5y average, amid colder weather and stronger gas burn […]
Gas and power correlation weakened significantly during the 2025/26 heating season, raising questions about whether the shift is structural or temporary. The correlation between TTF and power prices weakened significantly through this heating season, falling below the 50% threshold. But is this really a structural change or just a temporary hiccup? TTF and German power […]
Barents Sea gas could play a larger role in Europe’s supply mix in the 2030s if the European Union adjusts its Arctic policy framework, according to Rystad Energy analysis. A rethink of the European Union’s Arctic policy could determine whether Norway’s Barents Sea becomes a meaningful source of pipeline gas for Europe in the 2030s […]