After the Russian attacks, Ukraine plans to import 800 million cubic meters of gas by April.
Ukraine will import 800 million cubic meters (mcms) of gas in February and march to compensate for the sometimes 40% decrease in production following Russian missile attacks on the sector. A senior industry source said on Friday. Since its invasion in 2022…
Draft shows EU will work to more flexible filling targets for gas storage
A draft EU document revealed that the European Commission would work to develop more flexible targets so EU countries can fill their gas storage before winter. This follows concerns from some governments about Europe's strict deadlines for filling up.
Cornwall Insight: Britain to see a 5% increase in energy prices by April
Analysts at Cornwall Insight predicted that Britain's energy price cap would rise by almost 5% this April. Cold weather and low levels of gas storage in Europe are keeping wholesale prices high. This would be the third consecutive quarter of increases…
Schedule for US Energy Data in the week of February 16
The Presidents Day federal holidays on Monday, February 17, will impact the release schedule for some major energy data that is scheduled to be released in the week of February 16. The schedule below shows the weekly release of the U.S. Petroleum, Oil and Natural Gas Supply and Inventory.
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.
Germany wants EU to relax its gas storage targets
The German ministry of economic affairs and climate said that they are concerned about the cost. In response to the disruption in supply caused by the Ukraine War, all EU countries must fill their storage caverns up to 90% capacity by November. Intermediate targets are February, May July and September.
Prices of gas in Europe are lower than the first session for a second session. Ukraine Peace prospects dominate
The wholesale gas price in the Netherlands and Britain continued to fall on Thursday, after reaching a two-year peak on Tuesday. Market participants were watching for any further developments regarding the efforts of U.S. president Donald Trump to bring an end to the conflict in Ukraine.
Sources say that EU countries will discuss relaxing gas storage targets
EU sources said that the countries of the European Union will discuss on Thursday the request from some governments for the relaxation of the gas storage targets. This is because the costs to fill Europe's caverns with gas this year are increasing.
Storage levels are falling as a result of the German gas event.
The German gas market manager's meeting with key stakeholders at a trade show has not led to the subsidised gas auctions that could boost the flagging underground caverns. In the absence of progress, the biggest economy in Europe faces a question mark over its energy supply during the winter months.
Prices fall in Europe amid profit-taking and temperature revision
The wholesale gas prices in the Netherlands and Britain fell Wednesday morning, as profit-taking took place after Tuesday's new two-year peak. According to LSEG, the benchmark front-month contract for the Dutch TTF Hub was 1,35 euros lower at 55.10 Euro per megawatt hour by 1307 GMT.
European energy industry urges EU to not cap gas prices
The European Union's gas and trading industries are urging it not to cap the gas price, while Brussels is looking for ways to protect businesses and consumers from rising energy prices. The European Commission has been preparing a set of measures…
European energy industry urges EU to not cap gas prices
The European Union's gas and trading industries are urging it not to cap the gas price, while Brussels is looking for ways to protect businesses and consumers from rising energy prices. The European Commission has been preparing a set of measures…
European energy industry urges EU to not cap gas prices
The European Union's gas and trading industries are urging it not to cap the gas price, while Brussels is looking for ways to protect businesses and consumers from rising energy prices. The European Commission has been preparing a set of measures…
Germany's Gas Trading Hub to Hold Talks on How to Increase Storage Levels
The German gas trading hub said it will hold discussions with traders at a energy industry event in Essen on Tuesday evening to discuss ways to boost the country's declining gas reserves. Trading Hub Europe (THE) has proposed consultations at the…
Prices of EUROPE GAS are down from their two-year-highs, but storage issues remain
The Dutch and British wholesale prices of gas fell from their two-year highs, but the lower temperatures and concerns about storage levels were the main reasons. According to LSEG, the benchmark front-month contract for the Dutch TTF Hub was down by 1.21 euros at 57.05 Euros per Megawatt Hour (MWh)…
EU rules could overheat a gas market already on fire: Bousso
European policymakers who are worried about rising energy prices have already shot themselves in two feet. Two rules designed to manage the gas market of the region run the risk instead of overheating the market during the summer months, when stocks should be refilled.
Data show that Ukraine kept its gas imports high on Sunday.
The operator of the state-owned gas transmission system revealed that Ukraine will maintain its gas imports to a high level, 16,3 million cubic meters (mcm), on Sunday. Data suggested that Ukraine would import gas from Hungary, Slovakia and Poland.
Zelenskiy says 'Let's do a deal', offering Trump mineral partnership, seeking security
In an interview on Friday with, Ukrainian President Volodymyr Zelenskiy pored over a map once classified of vast deposits of rare Earths and other vital minerals. This was part of an effort to appeal to Donald Trump’s love of deals. The U.S. President…
EUROPE GAS - Prices trade within a narrow band amid cold weather and storage concerns
The Dutch and British wholesale prices of gas traded in a narrow band on Wednesday morning. They remained near their 15-month peak seen earlier this week amid a cold weather forecast and concern over the storage build. According to LSEG, the benchmark…
Ukraine has the potential to store and buy LNG from US
Ukraine's foreign minister stated on Wednesday that Ukraine and other European countries have the ability to purchase and store liquefied gas (LNG), which is produced by the United States, in Ukraine. This could increase Europe's energy independence as transit routes from Russia are ending.
