If you need a back-up: gas-fired powgen surged by near 300% in the first half of October amid plummeting renewables power output and higher seasonal electricity demand. Gas-fired powgen grew by near 50% in the first half of October compared to the same period of last year. this strong growth was primarily driven by weak […]
The Council of the European Union has agreed its position on rules to phase out Russian gas, LNG and coal imports, confirming a full ban on Russian gas by 1 January 2028. The measure forms part of the REPowerEU strategy to end dependence on Russian fossil fuels while safeguarding energy security. Key takeaways: From 1 […]
Following a very strong 2024, global gas demand growth slowed drastically in the first three quarters of 2025 amid tighter supply conditions, greater macroeconomic uncertainty and adverse weather factors. Global gas demand expanded by an impressive 2.8% in 2024, largely supported by China, India and other fast-growing Asian markets. Preliminary data suggests, that gas demand […]
Europe enters the 2025/26 heating season in a more stable position than the past two winters — with comfortable storage and growing LNG capacity — but flexibility remains thin. As Timera Energy notes, “Europe has bought itself breathing space, but it hasn’t rebuilt the buffer that allows for complacency.” The market’s calm exterior masks continued […]
Despite a short-lived cold snap pushing demand upward in parts of Europe, the coming week’s outlook for natural gas prices appears largely stable. Kpler argues that ample global supply, ramped-up pipeline flows, and moderating temperatures will offset demand pressures. European TTF, Asian LNG, and US Henry Hub are all expected to trade within recent ranges […]
European demand rose last week by 15%, well above expectations for the end of September, leading to a cut in storage injections and with most countries actually seeing a few days of net withdrawals. The only two major markets that were less affected and could therefore sustain storage injections at a higher level appeared to […]
TTF prices soared by more than 4% on Monday (6 October), after Qatar announced the temporary suspension of maritime navigation activities due to a technical malfunction in the Global Positioning System (GPS). This event, hopefully short-lived, highlights once again the critical importance of Strait of Hormuz to global gas security. the Strait accounts for around […]
Europe faced its first mini-coldspell last week, boosting up rescom gas demand by 70% in just one week and limiting storage injections. Subseasonal temperatures in late September supported stronger space heating demand, especially across northwest European markets. preliminary data suggests, that rescom demand soared 10% above its 5y average (and 16% above its 3y average). […]
The Russia-China gas realignment is one of the key gas market uncertainties over the medium-term. Russia could increase its gas exports to China from around 40 bcm in 2024 to around 150 bcm if all announced projects go ahead. In terms of piped gas, Power of Siberia is ramping up this year to 38 bcm, […]