On Monday, expect a higher German wind output
German and French power prices were not traded on Friday for the Monday. German wind power is expected to increase against a decline in average demand across the region. LSEG data shows that the German and French baseload…
EUROPE GAS - Prices stable amid ample supply and milder weather
The European and British gas contract prices were mostly unchanged on Friday, despite the milder weather forecast. Supplies from Norway and LNG are also steady. There is still uncertainty about future Russian gas supplies in the event of a peace agreement with Ukraine.
Spot prices drop on increasing wind power supply
European spot prices fell on Monday for Tuesday, as a rise in wind power production across the region is expected to exceed demand increases. LSEG data shows that the German day-ahead electricity price was 135.75 Euros ($142.29 per megawatt hour (MWh)…
EUROPE GAS - Dutch benchmark falls to two-week low due to weather, storage hope and peace talks
The benchmark Dutch Gas Contract fell on Friday, to its lowest level in over two weeks. This was due to forecasts for milder weather and talks about a loosening up of European gas storage goals, as well as ongoing U.S. attempts to end the conflict in Ukraine.
Norway Oil Industry expects record investments in the coming year
A survey by the Norwegian National Statistics Office (SSB) on Thursday showed that Norwegian oil and natural gas investments will surpass 2024's record levels this year, due to a flurry development projects. In 2025,…
Tanzania hopes to complete talks on LNG project by June
Tanzania has begun discussions with investors about tax incentives for a project that is stalled to build a $42 billion plant of liquefied gas in the country. Energy Minister Doto Biteko announced this on Tuesday. He added the talks might be concluded by June.
Vaar Energi raises dividends, Q4 profits in line
Vaar Energi, a company listed in Oslo and majority owned by Eni of Italy, raised its dividend on Tuesday, while reporting a fourth quarter operating profit that was in line with expectations. Vaar's earning before interest…
German spot prices fall on increased wind power
European spot prices fell on Monday due to a higher average wind output, which is expected to exceed the increase in demand. LSEG data shows that the German day-ahead electricity price was 120.75 Euros ($124.77 per megawatt hour (MWh)…
German spot prices are affected by higher wind output
The spot electricity prices in Germany fell on Tuesday, as the wind power generation expected to increase. At 0902 GMT, the German power price for the day ahead was down 1.7% at 142.0 Euros per megawatt-hour. LSEG data…
French spot prices increase on lower wind output
The French prompt electricity prices surged Tuesday due to a drop in supply of wind power and a slight increase in demand. At 1026 GMT on Tuesday, the French baseload power rose by 81.1% and was trading at 67 euros ($69.89). The German equivalent had yet to trade.
Spot prices drop on higher expected wind generation
The European power prices for the next day were lower than on Monday, as a result of a slight decline in wind energy supply. This was partially offset by an increase in electricity demand. LSEG data shows that the price…
Gas prices in Europe are lower due to milder temperatures
The prices of Dutch and British gas wholesale fell on Friday as the forecast for milder weather curbed demand. According to LSEG, the benchmark front-month contract for the Dutch TTF hub had fallen 0.30 euros at 46 euros per Megawatt Hour (MWh)…
China's lead in coal imports over India is the largest it has been in more than 10 years
China, the largest coal importer in the world, has extended its lead over India, No. The gap between China and India, the world's No. 2 coal buyer last year, was the largest since at least 2013. Customs data show. This…
Equinor extends Norway LNG Outage by 10 Days
Equinor announced in a Wednesday regulatory filing that it has extended the outage of its Hammerfest LNG facility in Arctic Northern Norway by 10 more days, to January 19, as they continue to repair a faulty compressor.
Prices for gas in Europe are mixed due to the Norwegian gas outage and forecast warmer weather.
The Dutch and British wholesale prices of gas were mixed on Wednesday morning as a supply interruption in Norway reduced availability, but milder temperatures predicted towards the end the month should increase the availability.
EUROPE GAS-Prices steady near 14-month highs
The Dutch and British wholesale prices of gas were mostly unchanged on Friday morning. They are near the highest level in 14 months, and some profit-taking was offset by an outage to Norway's LNG facility and possible cooler weather next week.
Equinor's Hammerfest liquefied natural gas plant closed for a week due to compressor failure
Equinor announced on Thursday that its Hammerfest LNG facility in Arctic Northern Norway suffered an unexpected outage because of a compressor failure. The company said the plant's output was halted for a week. The Hammerfest…
Spot prices are affected by higher wind forecasts
European prompt electricity prices fell on Friday, as wind power supplies are expected to increase in Germany while demand is forecast to decline. LSEG data revealed that the German baseload electricity contract for Friday…
Equinor delays start of Arctic Castberg Oilfield until early 2025
Equinor, a Norwegian oil company, announced on Tuesday that it had postponed the start-up of its Arctic Johan Castberg field to January or Febraury 2024 from the end due to bad weather conditions in Barents Sea. Oilfields…
French spot prices rise due to increased demand and lower wind supply
The French prompt electricity prices increased on Monday due to the expectation of increasing demand and reduced wind output. LSEG data shows that the price of French baseload electricity for Tuesday at 0926 GMT was 132.25 Euros ($139.09 per megawatt-hour (MWh)…
