Europe’s benchmark natural gas prices extended losses on Monday and began a sixth week of declines amid comfortable inventories and tepid gas demand in Europe and Asia.
Milder weather, the end of a supply outage in Norway, and expectations of stronger winds in northwest Europe sent on Monday European benchmark natural gas prices down by 4% to the lowest level since September 2021.
Europe’s benchmark gas prices extended losses early on Wednesday, falling by 3% in early trading in Amsterdam for a 25% decline so far this month, as inventories are high and milder weather is expected to return.
New LNG projects are driven mainly by a short-term increase in natural gas demand in Europe and Asia.
A technical committee of the African Union – made up of energy ministers – has recently proposed an “African Common Position on Energy Access and Transition
Having been thrust to the front lines of a climate crisis we did not cause, Africans have long urged rich countries to wean themselves off fossil fuels and slash their greenhouse-gas emissions
The plethora of sanctions that were announced by Western powers after Russia invaded Ukraine and one notable absence: energy industry sanctions.
The International Energy Agency, this month, reported on a gap between its global inventory calculations and the actual inventory situation