Gazprom, the world’s largest gas supplier operating out of Russia, is not in a rush to move forward with supplying gas through the Nord Stream 2 pipeline, causing some anxiety in the market. There are several reasons for their patient position. Sources state that windfall revenues from high European...
It may seem like ages since the crucial two-week conference took place in Glasgow in November. At the end an agreement was reached – though not legally binding – to reduce the worst impacts of climate change. Some leaders and campaigners felt it did not go far enough. As...
Gas After a calm end to October, UK gas prices rallied again throughout November due to below-average temperatures, unfulfilled Russian deliveries into Europe and setbacks for the Nord Stream 2 completion date. UK gas storage started the month at 100% capacity and with Europe lagging around 70%, this enabled...
Since the rapid market increase in August, 20 energy providers have gone out of business – a number that is predicted to rise as large companies struggle to take on thousands of new customers. Following a range of factors that contributed to a massive market spike across Europe in...
On 19th October 2021, the UK’s Department for Business, Energy & Industrial Strategy released their net-zero strategy to ‘build back greener’; a proposal that outlined policies for decarbonising all sectors of the UK economy to meet our net-zero target by 2050. Some key proposals announced in the 400-page strategy...
Gas UK gas storage has continued to improve this month, reaching 100% capacity, however, Europe’s storage still lagged behind at a mid-70% mark. Milder temperatures and periods of high wind strength helped to reduce gas demand this month. In October, Russia began to suggest that they would be willing...
As a result of depletions in gas storage and supply, the UK’s National Grid ESO fired up an old coal power plant in early September to meet the country’s electricity needs. The rise in gas prices coupled with unusually warm weather for this time of year has meant that...
Wholesale gas prices have surged by 250% since the beginning of the year, disrupting the country’s supply chains and driving prices significantly upwards marketwide. But how will this impact your business’ energy consumption? And how can you protect yourself from upcoming surges? Gas prices have skyrocketed over recent weeks,...
Gas Despite gas storage reaching average levels last month, gas market prices continued to skyrocket throughout September, causing various energy providers to go bust and triggering a range of supply chain issues across the country. The same issues that have plagued the country throughout the year continue to pressurise...
Gas Despite Europe’s ongoing storage and supply issues over the past few months, UK gas storage has now reached average levels for this time of year after facing significant reduction for many months. Nevertheless, prices remain high, supported by poor supplies into Europe of both piped gas and LNG....
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