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Natural Gas Demand Growth Picks up in 2024 But Outlook Remains Uncertain
Natural gas markets moved to more pronounced growth in the first half of 2024, with initial estimates indicating that global gas demand increased at a rate well above its historical average during this period. Demand growth is primarily supported by…
Electricity and gas prices stabilize in 2023
After a significant increase in prices that started before the Russian invasion of Ukraine, but skyrocketed through the second semester of 2022, electricity and gas prices are stabilizing. The prices of energy rose due to an increase in the price…
Nord Stream Methane Leaks are ‘World’s Worst’ – What Does it Mean for Climate Change?
Methane is one of Earth’s most dangerous gases for climate change. And record levels of it are thought to be leaking into the atmosphere from four ruptures in the Nord Stream 1 and 2 natural gas pipelines under the Baltic Sea.…
Natural Gas Markets Expected to Remain Tight Into 2023 as Russia Further Reduces Supplies to Europe
Russia’s continued curtailment of natural gas flows to Europe has pushed international prices to painful new highs, disrupted trade flows and led to acute fuel shortages in some emerging and developing economies, with the market tightness expected to continue well…
EU plan to cut gas use by 15 per cent set to come into effect
An EU plan to cut gas consumption across the bloc by 15 per cent to cope with an energy price crisis spurred by Russia’s war in Ukraine comes into effect on Tuesday (9 August). The EU regulation enshrining the plan…
Save Gas for a Safe Winter: Commission Proposes Gas Demand Reduction Plan to Prepare EU for Supply Cuts
The European Union faces the risk of further gas supply cuts from Russia, due to the Kremlin’s weaponisation of gas exports, with almost half of our Member States already affected by reduced deliveries. Taking action now can reduce both the…
SEEGAS Sets Out Possible Measures to Mitigate Gas Supply Risks in Case of Russian Gas Disruption
The Energy Community held its fourth South-East European Gas (SEEGAS) Joint Steering Committee meeting in Vienna on 30 June and 1 July. Participants agreed that the risks of a Russian gas supply disruption in the region can only be addressed…