Europe races to refill gas reserves amid supply strains and winter fears Read More »
Europe is currently facing a significant challenge in its efforts to refill underground gas reserves ahead of the 2025/2026 winter season. By the end of May, gas levels in storage facilities were considerably lower compared to the same time last year, prompting concern across the continent. The European Union has set a goal to reach […]
A recent report by the Institute for Energy Economics and Financial Analysis (IEEFA) projects that the European Union could reduce its total imports of natural gas and liquefied natural gas (LNG) by 25% between 2024 and 2030. This forecast is driven by a continuing decline in gas consumption, fueled by the EU’s increasing adoption of
A recent analysis commissioned by Eurelectric indicates that moving toward electricity-based energy systems could revitalize Europe’s industrial competitiveness, reduce its dependence on fossil fuels, and boost economic growth. Electricity has already become a more efficient option than fossil fuels in some sectors, and its broader application in heavy industries could also be economically viable by
In the fifth week of May 2025, TTF gas futures on the ICE market for June delivery were lower compared to the previous week, averaging around €36/MWh. On Monday, May 26, TTF gas futures reached their highest settlement price of the week at €37.369/MWh, which was 2.5% higher than the last session of the previous
During the last week of May, settlement prices for Brent oil futures for the Front Month on the ICE market remained below $65 per barrel. The highest settlement price of the week was recorded on Tuesday, May 28, at $64.90 per barrel. Prices then declined, reaching the weekly minimum of $63.90 per barrel on Friday,
In the final week of May, average electricity prices declined in most major European markets compared to the previous week. However, prices rose in the Iberian Peninsula, France, and Italy. The MIBEL market in Portugal and Spain saw the largest percentage increases, with Portugal up by 163 percent and Spain by 207 percent. In France’s
During the week of May 26, electricity demand declined across most major European markets compared to the previous week. Germany recorded the largest decrease, with a drop of 4.9 percent, reversing the upward trend observed previously. France experienced the smallest decline, at 2.5 percent, marking the second consecutive week of reduced demand. Great Britain and
In the week of May 26, solar photovoltaic energy production increased in most major European markets compared to the previous week. Italy recorded the largest increase, with a 22 percent rise, while Portugal showed the smallest growth at 3.1 percent. France and Spain also saw increases of 4.8 percent and 14 percent, respectively. The Iberian
At the 39th European Gas Regulatory Forum held in Madrid, Director of the Energy Community Secretariat Artur Lorkowski presented an overview of recent regional developments and outstanding challenges. He pointed out ongoing progress in decarbonizing the energy sector and enhancing the independence of network operators. While most network codes have been adopted into national legislation,
Energy Community highlights progress and challenges in gas storage across the region Read More »
The Energy Community (EnC) Secretariat has released its 2025 Annual Storage Report, offering a comprehensive evaluation of how contracting parties have implemented the adapted EU Storage Regulation (EU) 2022/1032. The report covers the period from June 2024 to June 2025 and provides key insights into regional gas storage efforts and energy security. The report highlights
