Australia LNG continues to disrupt after Narelle Thousands without power
Australia's liquefied gas production remains disrupted, and thousands of people in the remote north were left without electricity on Sunday. This is more than a fortnight after the Narelle Storm System hit the country. The impact of the 'Narelle', which was downgraded to a tropical cyclone on Saturday, has been exacerbated by a global LNG shortage caused by a month-old Iran War. Qatar's production was halted after Iranian attacks damaged its facilities, and Australia became the second largest LNG exporter in the world. Narelle, a severe tropical storm, made landfall in Queensland on March 20.
Narelle continues to disrupt Australia LNG despite its weakening from tropical cyclone
Ex-Tropical cyclone Narelle, which has been affecting Australia's Queensland state and Northern Territory since March 20, further affected production at two of Australia’s largest liquefied natural gas plants. The storm system was waning in the country's northwestern region. Narelle, which has been sweeping across Australia's Queensland and Northern Territory state since it made landfall on March 20 as a Category 4 tropical cyclone, hit Western Australia on Friday, affecting LNG plant run by Woodside and Chevron. The impact of the storm on LNG plants has increased a global shortage caused by the Iran War.
Narelle continues to disrupt Australia LNG despite its weakening from tropical cyclone
Narelle, the former tropical storm that weakened in Australia's north-west, continued to disrupt production at two of Australia’s largest liquefied?gas plants Saturday. Narelle, the category four tropical storm that has been ravaging Australia's Queensland and Northern Territory ever since it made landfall on?March 20th, hit Western Australia Thursday. It affected LNG plants operated by Chevron, Woodside, and others. The impact of the storm exacerbated an existing global supply crisis caused by the Iran War.
Philippines suspends spot electricity sales due to Middle East conflict
The Philippines announced on Thursday that it had suspended the sale of electricity at spot prices until further notice due to fuel supply risks and price volatility caused by Iran's war. The suspension was ordered by a decree declaring a national energy emergency in order to deal with fallout of the war, including disruptions in fuel procurement. The Energy Regulatory Commission (ERC) of the country said that it expected to finalise its modified pricing scheme by April 1. This suspension is in line with plans announced by Energy Secretary Sharon Garin in an article published this month…
NextEra CEO: NextEra has secured land in Texas to build a giant gas plant that will power data centers
NextEra Energy secured land in?Texas to build a gas-fired power plant that will be used to power a massive data?center. The project is backed by a U.S.Japan agreement. Last week, the power provider revealed that President Donald Trump's administration had approved the construction of two gas plants totaling 10 gigawatts in Texas and Pennsylvania. This will help to meet the exploding electricity demands of data centers. The $33 billion project would be developed by NextEra and operated by them, but jointly owned by the United States of America and Japan.
Meloni, an Italian LNG expert, will travel to Algeria to replace Qatar LNG as a result of the Iran War.
Giorgia meloni, the Italian prime minister, will visit Algeria this week to secure an alternative supply of gas amid a prolonged interruption in deliveries from Qatar. The 'prime minister’s office' said that Meloni would be in Algiers Wednesday without providing a detailed itinerary for the official visit. Algeria is among the countries Italy has been in contact with to secure its gas supply after Iranian'strikes' on Qatar seemed to have stopped its exports for a?extensive period, said Energy Minister Gilberto Pichetto Fratin on Friday.
EU considers gas price cap as a way to control rising energy costs
The European Union is considering measures to?reduce energy prices. This includes capping gas price, said European Commission President Ursula von der Leyen on Wednesday. Before the Iran War caused oil and gas to surge, Brussels was drafting proposals for industries who claim that high energy costs make it impossible to compete with their rivals in China or the United States. The EU's electric system is set up so that the price of electricity is determined by the last power station needed to meet the total demand. Gas plants are often the last power plant needed to meet total demand.
Seven countries warn EU against changing the energy market design
Seven EU member states, including the Netherlands, Sweden and Belgium, warned the executive of the bloc 'on Thursday' against interfering in the system that determines Europe's energy price. Officials at Brussels are scrambling to reduce bills. This year, energy prices are a major political issue in Europe. Industries have warned that they can't compete with the lower-cost companies from China and the United States. The European Commission has been under increasing pressure to intervene due to the soaring prices of oil and gas worldwide as a result of the conflict in Iran.
Spain's gas consumption is expected to fall this year, as the blackout-related boost fades
Spain's gas consumption?will fall by around 7 percent?this coming year?as a result of a softer response to the major blackout that occurred on April 28. The power grid operator has increased the use of stable sources such as gas plants for electricity generation, which cost more but can better control voltage. Arturo Gonzalo, the CEO of 2025, said that this increased the?gas consumption for electricity generation last year by about a third. The overall gas?demand rose 7.4%, including exports into countries such as France, to reach 372 terawatt-hours.
India looks at increasing gas usage during peak hours in order to guarantee power supply
India's top power official revealed on Friday that the country is looking at whether its under-used, gas-fired plants can be used during evening peak hours to provide flexibility in generation as renewable energy grows rapidly. Gas-fired power generation is usually only maximized during the summer peak months, because it's relatively expensive. It is still aiming to maintain its approximately 20?gigawatts gas-based capacity in order to balance the grid. The plants are cleaner than coal, and they offset the intermittent nature?of?wind and?solar power.
Spanish grid blackout risks remain, Endesa CEO says
The widespread 'blackout' that affected Spain and Portugal last year could be repeated under similar circumstances, according to the CEO of Endesa, who blamed the Spanish grid operator REE, for the outage. On April 28, last year, Europe's biggest blackout in over two decades paralyzed cities and left passengers stranded aboard trains throughout Portugal and Spain. After the outage, grid operators increased the use of stable power generation, such as?gas plants. This helps better control voltage, but increases costs. REE is owned and operated by Redeia, in which the government owns a 20% stake.
The US LNG production was cut in January by the winter freeze; imports from Trinidad filled the gap.
LSEG's preliminary data shows that exports of liquefied gas from the U.S. in January fell to 11.3 million metric tons, down from December’s record of 11.5 MT. A winter freeze in late-January shut some plants while lowering output at others. On January 26, gas flows into U.S. liquefied natural gas plants reached a record low. Freeport LNG, the country's third largest LNG exporter, was partially offline during the freezing. Kinder Morgan's Elba Island plant in Georgia, which stopped taking in feedgas in the week before the freeze, imported LNG from Trinidad and Tobago.
EUROPE GAS Prices Hit Multi-Month Highs Due to US Winter Storm and Storage Concerns
Dutch and British gas contract prices rose Monday morning to their highest level in nearly 10 months as the freezing weather in the U.S. curbed LNG exports. This also raised concerns about?European gas storage levels. LSEG data shows that the benchmark Dutch front-month contract for megawatt hours (MWh) at the 'TTF 'hub had increased by 2.55 euros to 41.95 euros or $14.56/mmBtu at 0825 GMT. According to LSEG, it has reached its highest price since early April 2025 at 42.75 Euros/MWh. The Dutch day-ahead contracts gained 1.85 Euros to 42.45 EUR/MWh.
The US Electric Grid is stressed by the cold weather
Electric grid operators in the U.S. took extra precautions on Saturday to avoid rotating blackouts, as frigid temperatures hit half of America's population. The PJM Interconnection – the largest?U.S. The PJM Interconnection, which serves 67,000,000 people in the East and Mid-Atlantic region, reported temporary spikes of wholesale spot?electricity? prices that rose above $3,000 per megawatt-hour on Saturday morning. Earlier levels were less than $200. Gridraven CEO Georg Rute is an expert in how weather impacts power line capacity.
Energy Capital to sell 2.6 GW gas plants to Talen Energy for $3.45 Billion
Talen Energy announced?on Thursday that it would purchase about 2.6 gigawatts of natural gas-fired generating capacity from private 'equity firm - Energy Capital Partners, for $3.45 Billion. This will double its annual production and strengthen its position in PJM markets in the Mid-Atlantic region and Midwest U.S. In premarket trading, shares of Talen increased by about 10%. The United States' power demand is expected to reach record levels by 2026. This will be driven by the rapid growth of AI and cryptocurrency data centers, as well as increased electrification in homes and businesses. This will force U.S.
US Natural Gas Falls Over 5% Ahead of Above Normal Temperatures
U.S. natural gas futures fell over 5% on Tuesday, pressured by forecasts of above normal temperatures next week, though the market was set for a second consecutive yearly gain led by record gas flows to liquefied natural gas export plants. Front-month gas futures for February delivery on the New York Mercantile Exchange traded 20.3 cents lower, or 5.1%, to $3.77 per million British thermal units. The contract was up over 4% so far this year. "The weather factor continues to dominate near-term price direction and with latest updates to the 1–2-week forecasts…
Sources say that RPT-Gunvor is weighing the US energy push, which could strengthen Washington ties.
Sources familiar with the situation said that Gunvor, a commodity trader, has been in active discussions to invest into U.S. oil and gas producing assets. This could help to repair relations with the Trump Administration after the fallout of Gunvor's attempt to purchase the foreign assets of the sanctioned Russian company Lukoil. Gunvor dropped its offer to purchase Lukoil assets after the U.S. Gunvor was interested in increasing its U.S. investment even before the failed Lukoil bidding, but such a move would now help it improve relations with President Donald Trump's administration…
Gunvor considers US energy push, which could strengthen Washington ties
Sources familiar with the situation said that Gunvor, a commodity trader, has been in active discussions to invest into U.S. oil and gas producing assets. This could help to repair relations with the Trump Administration after the fallout of Gunvor's attempt to purchase the foreign assets of the sanctioned Russian company Lukoil. Gunvor dropped its offer to purchase Lukoil assets after the U.S. Gunvor was interested in increasing its U.S. investment even before the failed Lukoil bidding, but such a move would now help it improve relations with President Donald Trump's administration…
US grants license to Shell, Trinidad to develop Venezuelan gas field, official says
Trinidad's Attorney General said that the U.S. Government has given Shell and Trinidad and Tobago permission to develop a offshore gas field near the maritime border in Venezuela, Trinidad's attorney-general announced on Thursday. In recent years, the project to supply Trinidad with Venezuelan natural gas has been progressing slowly, due to frequent U.S. changes in policy towards Venezuela. Venezuela remains under U.S. sanctions for energy since 2019. Foreign companies that comply with U.S. sanctions and are interested in developing energy projects in Venezuela will need to obtain authorizations or licenses.
Grid operators claim that the UK's winter energy is secure, despite lower gas margins.
In their winter outlooks, the electricity and gas grid operators in Britain expect that there will be enough energy this winter despite tighter margins for gas due to declining production at home. National Gas and Britain's National Energy System Operator publish annual reports on the supply and demand of gas and electricity for the coming winter in order to assist businesses and governments prepare. In its winter outlook, Glenn Bryn-Jacobsen said that only a few events, such as a cold winter in the UK accompanied by a major disruption to supply, could pose a risk to our electricity or gas systems.