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The UK’s new government has embarked upon an ambitious push for clean power, in part to reduce the country’s exposure to international gas price volatility. However, efforts to accelerate gas demand reduction will bring to the fore transition risks that will challenge the integrity and resilience of the gas pipeline network that connects supply and demand in the UK. Demand […]
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In the second week of December, prices in the main European electricity markets continued to rise, with most of them reaching weekly averages above €120/MWh. Gas prices were lower than the previous week, but they remained above €41/MWh. Almost all markets reached the highest daily price since at least March 2023, mainly on Thursday, December 12. The increase in electricity […]
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The outlook for the natural gas market is projected to remain healthy and improve further in the future. This is because global LNG production capacity increases vastly, and the role of the LNG supply, backed by expanded import infrastructure, becomes more prominent in Europe. Nevertheless, some risks remain in less interconnected areas, particularly in the short term. The outlook for […]
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This paper by the OIES examines the impact of two recent Dunkelflaute episodes January and November 2024 on European gas demand (EU27 + UK) and the need for growing flexible supply. That flexibility is provided by LNG import and regasification capacity and underground gas storage capacity working in tandem, in response to pricing signals that reflect surges in demand. Gas-fired […]
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In November, Ukraine received 243.3 million cm of gas, 28% less than in October. Of this volume, 89% was transported from Hungary, and 11% from Moldova. Gazprom transmitted 1.26 bcm in November, accounting for 38% of the contracted volume. This is 1% more than in 2023 but 59% less compared to the same period in 2021. The total transit volume […]
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On 1 January 2025, the Transit Agreement, which has provided political, commercial, technical and legal grounds for the transit of Russian gas across Ukraine during 2020-24, will expire. Once it happens – and if no extension or alternative transit arrangement are agreed – the transit will stop. However, as Dr. Katja Yafimava argues, transit stoppage is not yet a foregone conclusion. […]
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Turkey’s strategic position between Europe, the Middle East, and Central Asia places it at a pivotal crossroads in Eurasian geopolitics, particularly as regional conflicts reshape power dynamics and international alliances. Turkey’s current energy strategy highlights a focus on diversification of energy supplies and decentralization. Continuing the idea of building up the energy hub between Asia and Europe, Ankara prides itself […]
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The European Biogas Association (EBA) has released a report that provides an overview of the growing e-methane industry in Europe, including a detailed inventory of existing and planned plants. The report also examines the various technologies used in e-methane production and the role of e-methane in the broader energy mix. E-methane is a readily available solution that can help meet […]
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The EU has largely returned to a more stable gas supply, supported by reducing demand, ample LNG import capacity and adequate storage levels. However, this balance remains fragile. An anticipated surge in LNG supply from late 2026 is expected to drive prices down. Improved gas supply stability with high storage levels, but risks persist due to geopolitical uncertainties and global […]
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