Tag Archives: Europe

European natural gas prices fell to the lowest level in almost four weeks as confidence grows for stable power generation through the remainder of winter. Benchmark futures slid as much as 4.5% before paring some of the loss. Sweden downgraded its power-cut risk to “low” from “real” in a sign …

The bill for European countries to protect households and companies from sharply rising energy costs has reached nearly 800 billion euros, researchers from the Bruegel think tank reported. They urged countries to spend more efficiently to deal with the energy crisis. The countries of the European Union have already set …

European natural gas slipped with the end of a short-lived cold spell in sight while healthy stockpiles are helping tackle any boost in demand. Benchmark futures fell as much as 2.3%, after two days of modest gains. The ongoing chilly weather in parts of western and central Europe, coupled with …

The recently established military relationship between South Korea and Poland is a multidimensional phenomenon, reaching beyond security in its traditional meaning. In fact, large-scale arms contracts are almost always politicized and followed or accompanied by intensified economic ties. Certainly, in the current circumstances, this view is shared by Warsaw and …

Russia’s pipeline gas exports to Europe slumped to a new monthly record-low in January, falling by nearly 30% from December due to lower prices on the spot market, according to Reuters calculations. Russia’s gas giant Gazprom has seen exports to Europe decline since the Russian invasion of Ukraine last year …

European natural gas rose as forecasts showed the weather turning cooler than previously estimated next week. Futures for delivery in March rose as much as 11%. Some weather models are showing temperatures dropping again after a warm spell, potentially boosting demand for gas and forcing more withdrawals from fuller-than-normal storage …

European natural gas dropped with fuller-than-normal stockpiles countering higher demand, while an ongoing icy spell was forecast to end next week. Benchmark futures fell as much as 11%, extending Monday’s decline. The frigid weather has raised gas usage for heating, but high storage levels and strong deliveries of liquefied natural …

The long-awaited winter energy crisis has finally hit…but it wasn’t in Europe after all. On Monday, almost the entirety of Pakistan was left without power when a misguided energy saving strategy by the government backfired. Runaway inflation, a severely weakened currency, and rapidly emptying foreign exchange reserves have left Pakistan …

Despite the recent plunge in the European benchmark gas prices to below the North Asian benchmark, Europe continues to attract most of the U.S. exports of LNG as demand in Asia is still weak. Last week, around 68% of the LNG shipments out of the United States were headed to …

Europe is still awash with liquefied natural gas despite a crash in benchmark prices as demand in Asia remains lackluster. A few weeks ago, it became more profitable to deliver US LNG to Asia than to Europe, but that premium has been insufficient to lure cargoes away from a region …