German spot prices are affected by the increase in wind power supply
The German spot electricity contract on Friday dropped sharply Thursday. Strong gains in wind energy output are expected to continue until next Monday. By 0802 GMT, the German baseload contract for day-ahead was down by 20.5% to 60 euros ($70.14). The French equivalent contract increased 52.4%, to 16 euros/MWh. Analysts at Engie Energy Scan said that location spreads in Western Europe are increasing, although not equally.
Prices for EUROPE GAS rise due to higher demand and lower LNG exports
Dutch and British wholesale gas rates rose slightly Monday morning due to higher demand and lower LNG terminal send-out. LSEG data shows that the benchmark Dutch front-month contract for the TTF hub increased by 0.27 euros, to 32.35 Euro per megawatt hour at 0827 GMT. The contract for November was up by 0.28 euros at 33.18 euro/MWh. The British contract for delivery in October rose by 1,01 pence, to 79.51 cents per therm.
ExxonMobil is considering selling European chemical plants to FT, reports
The Financial Times reported that ExxonMobil was looking to sell its European chemical plants located in the UK, and Belgium, as the industry struggles with the impact of U.S. Tariffs and the competition from China. In recent weeks, the U.S. energy company has been in early discussions with advisors about possible sales that could bring up to $1 billion. The newspaper cited two sources. Exxon informed the newspaper that they do not "comment upon rumours and speculations".
Workers Strike at Fluxys Dunkirk LNG terminal
Workers began a three-day strike over pay at Belgian gas terminal operator Fluxys' Dunkirk liquefied natural gas terminal late on Monday evening, part of a broader action in the power and gas sector focused on pensions and wages.The Dunkirk LNG terminal is the second largest in continental Europe and the only terminal directly connected to two separate markets - Belgium and France - accounting…
Workers strike at Fluxys Dunkirk LNG terminal in Belgium
The Dunkirk terminal of Belgian gas terminal operator Fluxys began a 3-day strike on Monday night over wages. This was part of an action in the energy and gas sector that focused on wages and pensions. Dunkirk LNG is Europe's second-largest terminal and the only one directly connected to Belgium and France, which accounts for around 20% of their annual gas consumption. A representative of the CGT…
Prices for Europe GAS are mixed due to stronger winds and lower Norwegian flows
The Dutch and British wholesale gas price were mixed Tuesday morning, due to higher wind production and lower Norwegian supply. LSEG data shows that the benchmark Dutch front-month contract for the TTF hub at 0831 GMT was up 0.59 euro at 32.25 Euro per megawatt hour. The contract for the day-ahead has dropped by 0.05 euros to 31.75 Euro/MWh. The British gas front-month contract price increased by 0.35 pence to 79.55 cents per therm.
Engie, France, reports 9.4% decline in first-half earnings
PARIS, 1 August - French utility Engie reported a 9.4% drop in its half-year earnings Friday as higher revenues from natural gas distribution were not enough to offset lower prices for energy and hydropower. The company's first-half earnings, excluding nuclear operations, were 5.1 billion euro ($5.82 billion), down from 5.6 billion euro a year earlier. "These results are solid, given the normalisation of market conditions in a geopolitical and economic context that is uncertain…
The EU's plans to ban Russian gas
The European Commission proposed Tuesday legally binding measures to end the European Union's imports from Russia of gas and liquefied gas by the end 2027. This would put an end to decades-old energy relationships with Europe's ex-top gas supplier. The details of the proposals are below. They still require approval by EU countries and the European Parliament. The ban will be implemented in phases.
Egypt To Buy Up To 160 LNG Cargoes Through 2026
Egypt has reached agreements with several energy firms and trading houses to buy 150 to 160 cargoes of liquefied natural gas, as it ramps up purchases to meet power demands despite strained government finances, industry sources said.The world's most populous Arab country has endured rolling blackouts over the past two years as natural gas supply fell short of demand. It returned to being a net importer of gas last year…
Where is the money that the EU promised to workers in order to go green
The latest data available from the European Commission shows that the EU member states spent only EUR735 millions ($840 million US), the total amount of the fund, between March 2021 and March 2025. The Just Transition Fund is failing to provide adequate assistance for workers who are out of work, said Ciaran Mulooly. He was investigating the performance of the fund as a reporteur. "It's a total disaster from an employment standpoint." The towns are left with nothing.
Greenpeace removes a wax statue of Macron due to French trade with Russia
Greenpeace activists moved a wax sculpture of French President Emmanuel Macron, which was displayed at the Grevin Museum of Paris, to the Russian embassy on Monday in protest of French business ties and the lack of climate action. The French presidency did not respond to a request for comment immediately. Greenpeace's spokesperson confirmed that the activists entered the museum as regular visitors on Monday and proceeded to the room with Macron's wax figure.
French and Benelux stocks: Factors to watch
Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. CREDIT AGICOLE: French bank Credit Agricole announced on Wednesday that it had signed a long term partnership agreement with Belgium’s Crelan Group, and would be acquiring a 9.9% share in the company. ELIOR GROUP - French food caterer Elior lowered on Wednesday its organic revenue growth forecast for 2025, citing a priority on profitability.
How can the EU ban Russian Gas?
Next month, the European Commission will propose legal measures that will phase out EU gas imports from Russia by 2027 and prohibit spot contracts with Russia before the end this year. This is how it could work. How will the EU ban Russian gas? Legally, sanctions are the easiest way for the EU's to prohibit Russian gas and liquefied imports. They require the unanimous approval of all 27 EU member states.
TurkStream gas pipeline may slow down EU-Russia decoupling
May 7 - While the European Commission has announced a revised plan to wean Europe off Russian energy completely by 2027, some parts of Europe have taken the opposite approach. The TurkStream pipeline is not only still operating, but has expanded its gas supply. Since the beginning of the conflict in Ukraine, Russian gas exports have dropped dramatically. They went from more than 155 billion cubic meters (bcm), in 2021, to less than 40 bcm by 2024.
Maguire: US LNG exports reach new heights due to strong European demand
The U.S. has exported more than 20% of its LNG this year compared to the same period last year, mainly due to purchases from European nations. These countries accounted for three-quarters of all U.S. orders. According to Kpler (a trade intelligence firm), the total U.S. LNG shipments from January to April reached 34.6 million tons. This was by far, the highest volume ever recorded for this period.
Maguire: US LNG exports reach new heights due to strong European demand
The U.S. has exported more than 20% of its LNG this year compared to the same period last year, primarily due to purchases from European nations. These countries accounted for three-quarters of all U.S. orders. According to Kpler (a trade intelligence firm), the total U.S. LNG shipments from January through April was 34.6 million tons. This is by far, the highest volume ever recorded for this period.
JERA, Japan's LNG supplier, may look at Alaska, says exec
JERA, Japan’s largest power generator, could consider Alaska as a possible source of liquefied gas (LNG), according to an executive on Monday. Japanese officials will be heading to the United States for another round in tariff negotiations this week. Alaska LNG, which is a $44 billion project that includes a pipeline, an LNG plant and other components, has been at the forefront of President Donald Trump’s agenda when dealing with Asian partners.
Local media report that Argentina's YPF has ruled out building a land-based LNG facility
YPF, Argentina's state-run energy company, has ruled out the construction of an onshore liquefaction facility for natural gas. Instead, it will rely on floating vessels to carry out this process. Horacio Marina, CEO of Rio Negro LNG, said in an interview that there will be no onshore plants and the three phases of its plan to export LNG will be done by ship. Marin explained that the timeframes are shorter than for a land-based facility…
Spot prices drop on rising renewable supply
The French spot electricity price for Thursday dropped on Wednesday, as the renewable energy supply was expected to increase and demand to fall in most countries of central Western Europe. French baseload electricity for Thursday fell 10.6% to 81.35 Euros ($89.66 per megawatt-hour (MWh) at 0836 GMT. The French equivalent contract was 36.5% cheaper at 26.25 Euros/MWh. In Germany, residual load is expected decrease on Thursday due to an increase in renewable supply.
French court halts onshore wind project
Court documents revealed on Friday that a project to build an onshore windfarm in the north-east of France had its licenses revoked due to "visual saturation". The Mont des Quatre Faux project, a 226 megawatt onshore wind farm in Belgium and France, was developed by the French power company EDF Renewables with the Belgian renewables firm Renner. Website for the project shows that investment costs were estimated at over 250 million euros (276 million dollars).