Green Investment Group chief queries moves to ‘increase dependence’ on gas
The surge in global gas prices should prompt countries to ramp up their clean energy options, according to Green Investment Group’s (GIG) global head.
Gas prices
Gas spikes yet again in European market dogged by supply worries
European gas surged to the highest level in a month, fueling wider inflation concerns, as delays to a controversial new pipeline from Russia stoked fears of a supply shortage this winter.
Nord Stream 2 delays send European natural gas price soaring
Russia’s controversial Nord Stream 2 pipeline faces another delay after Germany suspended a key step in the approval process, sending European gas prices surging as much as 12%.
UK customers told not to worry about ‘the lights going out’ amid energy crunch
Consumers have been told not to worry about “the lights going out” this winter amid concerns the UK Government’s price cap could see energy bills soar when it is reviewed next year.
Europe to get hit of cool weather next week just as wind drops
Cooler weather is set to increase demand for heating across Europe from next week adding pressure to already strained energy markets where price moves have become extremely volatile.
Gas production key to decarbonising the UK energy sector
Spiralling gas prices and shortages of fuel on the UK’s forecourts have brought into sharp focus the importance of ensuring policy protects the country’s energy supplies throughout the energy transition.
Shell predicts cash boost from rising gas and electricity prices
Shell (LON: RDSA) has said that it expects cash flow to be bolstered by soaring prices for gas and electricity.
Gas prices could soar further if Europe is hit by a cold snap, warn experts
Record high gas prices could be a permanent fixture in the coming months until supply is able to catch up with global demand, experts have warned.
European gas surges 60% in two days as EU sounds alarm
European gas prices surged again, bringing their gains over just two days to 60%, as the impact of soaring energy costs rippled through equity and bond markets and the European Union sounded the alarm.
Hedging losses and production outages dent Serica Energy profits
Serica Energy profits tumbled 90% in the first half of the year as its gas hedging position and planned outages took a toll.
OGA chairman accuses Russia of ‘using energy supplies as a weapon’ over gas price crisis
The chairman of the Oil and Gas Authority (OGA) has levelled an accusation at Russia over its role in the gas price crisis.
More energy suppliers will fail this year, UK Business Secretary warns
UK Business Secretary Kwasi Kwarteng warned that more energy suppliers may fail this year after a surge in gas prices caused seven to collapse already, affecting some 1.5 million households.
Stronger UK winds set to bring supply relief to energy markets
The UK will experience a shift in the weather next week, including strong winds that will ease its dependence on expensive natural gas to produce electricity.
Stark figures show North Sea gas production could be on course to wrap up by 2030
As the UK finds itself in the midst of a gas crisis, stark figures have shown that North Sea production could be on course to wrap up by the end of the decade.
Gas prices: Energy firms warned government two years ago that sector was fragile
The boss of an energy industry body has said her team warned the Government and Ofgem that the sector was fragile at least two years ago.
Outlook for small energy firms ‘looking bleak’ amid gas wholesale price rises
The Government wants energy firms to "stay afloat organically", a Cabinet minister has said, as the growing energy crisis led to company bosses saying the outlook was "looking bleak".
‘No question of the lights going out’ Kwarteng tells MPs as gas prices soar
UK energy secretary Kwasi Kwarteng has told MPs there is “absolutely no question of the lights going out” as gas prices across Europe soar.
OGUK makes case for UK supply amid soaring gas prices, Equinor given nod to increase exports to ease shortfall
Soaring gas prices across Europe reinforce the need to maintain supply from the UK North Sea, according to Oil and Gas UK (OGUK).
UK energy firms seek bailout as government talks run on
UK energy companies are seeking a massive government bailout as a surge in gas and electricity prices threatens to push suppliers out of business.
Key UK power cable will be partly knocked out until March
A key UK power cable knocked out by a fire will stay partly offline until March, the National Grid Plc said, deepening the energy crisis threatening Britain as it heads into winter.
Oil price direction an ‘open question’ as Covid mutation weighs down Brent
A top petro-economist said today that the Covid-19 mutation had left an “open question” about the direction of Brent crude prices in the coming weeks.
Oil, gas rise to five-month highs on US Gulf hurricane threat
Crude and gasoline futures both climbed to levels not seen since before the pandemic as Hurricane Laura rattled toward a key stretch of the U.S. Gulf Coast that is home to the nation’s greatest concentration of refining capacity.
Israel gas prices take a hit after high court opens door for lawsuit
Israeli gas stocks were headed for their biggest losses in more than three months after the High Court opened the door for a future lawsuit against the firms that sell fuel to the country’s largest energy consumer.
Gas customer gets warm glow as supplier cuts price
A Moray gas customer has had his bill halved after a postcode lottery for prices was exposed.
Russian Deputy PM says no changes for Belarus on gas prices
The Deputy Prime Minister of Russia said the gas price for Belarus would not be changes and he hoped a debt dispute between the two countries would be resolved within the next two weeks.