UK energy market news, updated three times daily. .
· Issue 13
Day-ahead UK power, for next-day delivery, fell 20.0% on Wednesday to 17.70p/kWh, but the December contract rose 4.7% to 18.22p/kWh, 142.8% above its 27 February level.
A price update by email from our trading desk at 11am each working day: today's wholesale gas and power prices, with the full two-page report attached (the forward curve to 2032, what is moving the market and non-commodity costs).
31 stories, page 1 of 2
Gas
Poland's Orlen has terminated one of its two long-term LNG supply contracts with QatarEnergy, scrapping a 1 million tonne-a-year deal that ran to 2034 after months of delivery disruption.
Gas
TotalEnergies CEO Patrick Pouyanne said on Monday that Europe will not run short of gas this winter but will pay more for it, after storage targets were eased before the summer refill.
Gas
European wholesale gas prices reached €100/MWh on Wednesday for the first time since December 2022, as conflict-driven disruption to oil and gas routes pushes EU energy ministers into emergency talks on winter security.
Gas
Germany's economy ministry has directed state-owned importer SEFE to lift its gas storage by 8 TWh and make the necessary purchases by 15 December, a direct intervention that marks a reversal from its market-led approach.
Gas
QatarEnergy has extended force majeure notices on LNG deliveries to Italy's Edison until early December, taking the total number of undelivered cargoes to 35 as the Strait of Hormuz disruption drags into its sixth month.
Gas
European gas storage sits at just 69% of capacity against a five-year average of 85%, and the benchmark price has risen to €81 ($93) per megawatt hour, up 150% year-on-year.
Gas
European Union gas storage stands at just 67% full heading into winter, a record low for the time of year, and industry executives at Gastech in Bangkok warn that competition with Asia for LNG cargoes could push global prices sharply higher.
Gas
Germany's economy ministry has told a parliamentary committee that no government action is needed to top up gas storage, even with facilities at their lowest September level in 15 years.
Gas
Benchmark European gas has climbed to €75/MWh, more than double year-ago levels, as storage across the continent enters winter at its weakest cushion in 15 years.
Gas
UK wholesale gas has climbed to its highest level in over three years, breaking above £64.52/MWh, as thin storage cover collides with tension in the Gulf.
Gas
Germany's fifth floating LNG import terminal, at Stade, is set to start operations in September and take its first commissioning cargo in November, its operator has confirmed.
Gas
Uniper, Germany's largest gas importer, expects wholesale gas to hold at €50 to €60 per megawatt hour for as long as shipping through the Strait of Hormuz remains blocked.
Gas
North Sea operators extracted more than 7.5 million barrels of oil equivalent (BOE) in 2025, up 21,000 on the prior year, as production efficiency rose one point to 76%.
Gas
A QatarEnergy-controlled LNG tanker cleared the Strait of Hormuz overnight, the first vessel to exit the waterway since 11 July after weeks of conflict-driven disruption.
Gas
TotalEnergies generates around $400 million each year from selling liquefied natural gas (LNG) cargoes sourced from Russia's Yamal plant, its chief executive told a results call on Thursday.
Gas
QatarEnergy has extended its force majeure on liquefied natural gas (LNG) deliveries to Asian buyers and is leasing out tankers until mid-October, signalling it expects export disruption to persist for months.
Gas
The International Energy Agency (IEA) warned on 21 July that a prolonged delay in Persian Gulf liquefied natural gas (LNG) exports could keep the global market tight for an extended period, just as Europe struggles to refill storage for winter.
Gas
European gas prices reached a four-month high on Monday, with the Dutch benchmark briefly passing €60/MWh as escalating US-Iran conflict raised fears of winter supply shortages.
Gas
EU envoys failed to agree a 21st sanctions package against Russia this week after Greece and Austria objected, with Athens warning a ban on shipping Russian gas to third countries could hand LNG market share to non-EU rivals.
Gas
Norway's Safe union and employers have settled the oil service dispute that cut the country's petroleum output by 2.4 million barrels of oil equivalent, removing a supply threat to Europe's largest pipeline gas supplier.
Gas
The European Commission's gas task force said on 13 July it sees no immediate risk to winter 2026-27 supply, even with EU-wide storage at 51.8% full, well below the 62.2% recorded a year earlier.
Gas
LNG and crude tankers have resumed transits through the Strait of Hormuz in the past few days, with at least five ballast LNG carriers entering the passage despite the ongoing military escalation in the Middle East.
Gas
Shell raised its second-quarter gas production forecast on Tuesday and said integrated gas trading will run significantly higher than the first quarter, capitalising on the volatility driven by the conflict between the US, Israel, and Iran.
Gas
Seven empty LNG tankers controlled by QatarEnergy have moved back through the Strait of Hormuz between 11 and 22 June, the first such transits since airstrikes on Iran halted Gulf gas shipping.
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