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Europe fights energy crisis by cutting gas

Europe fights energy crisis by cutting gas: European ministers have decided voluntarily to reduce their countries’ gas consumption by 15% from 1st August to 31st March 2023 in a effort to get ready for a complete disruption of Russian gas this winter. After Gazprom reported an additional decline in the gas flows via the Nord…
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Slow surge in global gas demand due to high prices

Slow surge in global gas demand due to high prices Very high costs and supply issues are estimated to lag the expansion in requirements and demands for natural gas. That’s according to the newest Gas Market Report by the International Energy Agency (IEA), which estimates that global natural gas expenditure will contract slightly this year…
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Centrica submitted application to reopen ‘largest’ gas storage site

Centrica submitted application to reopen ‘largest’ gas storage site British Gas owner Centrica has submitted an application to the North Sea energy regulator to reopen Rough, which is considered the UK’s largest gas storage facility. The company confirmed it is in “exploratory discussions” with the government about the way Rough could boost the country’s energy…
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Hammerfest LNG facility restarted after 20-month closure

Hammerfest LNG facility restarted after 20-month closure Equinor, the Norwegian energy company, has reopened the Hammerfest LNG facility after it was closed down for 20 months. The plant was first brought online in 2007 and was shut down in September 2020 for repairs after a fire. It is in production again following “extensive repairs and…
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Solar pipeline has grown 298% since 2020

Solar pipeline has grown 298% since 2020: Between April 2020 and March 2022 Cornwall Insight‘s Renewables Pipeline Tracker report has shown the total capacity of solar PV projects classed as either “application submitted” or “awaiting construction” has increased by 298%, while the equivalent for onshore wind has risen by 17%. This overall growth translates into…
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Energy prices likely to drop just a little in 2023

Energy prices likely to drop just a little in 2023: Power prices are forecast to lower just marginally in 2023. A new study by S&P Global Ratings anticipates energy prices to arrive at ‘unprecedented’ levels this year and maybe way higher than €200 (£167)/MWh in some main European markets. This is in contrast to standard…
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Energy prices rise with Bord Gáis Energy

Energy prices rise with Bord Gáis Energy: As wholesale prices continue to soar, Irish energy supplier Bord Gáis Energy has reported it will raise the price of its electricity & gas tariffs. The adjustments will see customers’ electricity bills increase by 27% & gas bills by 39%, commencing 15th April. The firm says the rising…
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