Gassco market message suggest plant will restart on Friday  Plant was shut between 2020 and 2022 after fire incident  Photo: Natalia Golubnycha/Shutterstock ..read more

Gas demand for power down, industrial demand continues to rise  Firm to submit 10-year hydrogen network plan before 30 April    Net debt stands at EUR 3.3 billion  Photo: agsaz/Shutterstock ..read more

European natural gas futures fell sharply for the second consecutive session on Monday, ending the sawtooth pattern of the past week and taking prices to where they were before Iran launched its direct on Israel the weekend before last. Prices continued to fall early on Tuesday before recovering later in the morning. Crude oil prices also fell but only marginally. The declines come amid a reduction in geopolitical risk, not just in the Middle East but also in Ukraine, with more military aid to be promised later on Tuesday by the UK prime minister Rishi Sunak. The UK’s initiative comes in the w ..read more

Energy transition takes time  Transition is expensive – and not economically attractive  An “underappreciated” energy demand will come from artificial intelligence and data centres ..read more

TotalEnergies will own 100% of the company CEO looks to strengthen collaboration with Petronas Malaysia was the world’s fifth largest LNG producer in 2023 Photo: sylv1rob1/Shutterstock ..read more

Projects will go to highest bidders with no subsidies  Business group warns that cost increases will limit revenues for Danish state  Further details expected later in the week  Photo: Marc Studer/Shutterstock ..read more

Natural gas prices remained volatile in Europe and Asia on Friday as markets digested the ramifications of Israel’s calibrated response to Iran’s direct attack the previous weekend. Prices ended the day down by between 3.5% and 4.7%. Gas prices in Europe opened below their Friday close on Monday morning. Oil prices in contrast edged upwards after spiking overnight on Thursday when explosions were reported in the Iranian province of Isfahan. Both sides appear to have pulled back from the brink of all-out war. READ Israel-Iran tensions leaving markets 'concerned' With that matter seemingly put t ..read more

Companies behind 35 projects disclosed they have been selected   Siemens, Topsoe and Nel among the beneficiaries   Inflation Reduction Act expected to boost green investments in the US   Photo:  Andrea Izzotti/Shutterstock ..read more

GAIL and Petronet among companies with expansion plans for LNG terminals  Capacity utilisation at existing LNG import terminals relatively low  Domestic gas production may soon peak unless new discoveries are made  Photo: GreenOak/Shutterstock   ..read more

The US LNG permit pause continued to hit headlines this week as prominent UK and European politicians urged President Biden to revisit the decision due to its “significant negative impacts on European energy security”.   A timeline for the pause to government’s review on LNG was also reported, and is likely to be completed in Q1 2025, according to US energy department official, Brad Crabtree.   The industry turned its gaze to the Strait of Hormuz following Iran's attack on Israel. While experts do not expect the key waterway to be closed, it could cause significant setbacks ..read more