Updated Aug 22, 2024
8/22/24
Natural gas-fired power generation in Europe declined 16% year/year during the first half of 2024, driven partly by a sluggish recovery in industrial demand across the continent, according to the European Union (EU) energy watchdog.
European Union regulators have delivered on the promise of a new LNG benchmark for the region in the hopes of increasing price transparency and deflating similar price surges that rocked markets last year.
European Union (EU) regulators this week updated their methodology for assessing spot LNG transactions on the continent just weeks before the bloc rolls out a benchmark aimed at improving price transparency.
Europe’s energy regulators and financial market authority reported the European Union’s (EU) natural gas price cap policies haven’t appeared to impact trading, but the bloc’s price control mechanism hasn't been tested.
The European Union (EU) published its first daily LNG spot price assessment on Thursday for transactions in Northwest Europe, but it again failed to collect adequate data for deals in South Europe.