gas

Europe: Brent oil steady, TTF gas rises and EU CO₂ prices fluctuate in late January

During the week of January 19, Brent oil futures for the Front Month on the ICE market remained largely stable compared to the previous week. The week opened with a settlement price of $63.94/bbl, which also marked the weekly minimum, 0.3% below the previous Friday’s settlement. Prices rose over the next two days to $65.24/bbl, […]

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North Macedonia pushes cross-border gas links to boost energy security and regional integration

North Macedonia is advancing major cross-border gas infrastructure projects, Prime Minister Hristijan Mickoski said last week at the World Economic Forum in Davos, underscoring energy connectivity as a key pillar of the country’s long-term development strategy. PM Mickoski explained that North Macedonia is aligning its energy policy with broader technological ambitions, including developments in artificial

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Europe: EU approves phased ban on Russian gas imports under REPowerEU strategy

All 27 European Union member states have formally approved new legislation introducing a phased ban on Russian natural gas imports, covering both pipeline gas and liquefied natural gas (LNG). The regulation also strengthens oversight mechanisms and promotes measures to expand alternative energy sources across the bloc. This decision marks a major milestone in the implementation

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Europe: Ukraine demand auction puts Vertical Gas Corridor’s commercial viability to the test

Efforts to boost the appeal of the Vertical Gas Corridor linking the Alexandroupoli LNG terminal with Ukraine have intensified in recent days, as both political and business actors seek to avoid another weak outcome in the LNG transport capacity auction scheduled for today. The tender covers volumes intended for Ukrainian demand in February and is

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Hungary emerges as a regional gas hub amid rising cross-border flows

Hungary’s natural gas sector is undergoing a structural shift, moving beyond its traditional role as a consumption market and increasingly acting as a regional gateway for gas flows. A new analysis by the Oeconomus Economic Research Foundation highlights a sharp rise in both cross-border imports and exports, reinforcing the country’s position as a transit and

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Why gas still decides competitiveness in South-East Europe

Competitiveness in South-East Europe’s energy-intensive economy is no longer determined by average electricity prices or by the headline cost of fuels. It is determined by how systems behave under stress, and by which countries, companies, and sites can absorb that stress without catastrophic price outcomes. In that environment, gas remains the decisive variable—not because it dominates

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Carbon convergence makes gas more important, not less, in South-East Europe

Carbon convergence across Europe is widely framed as a force that will marginalise gas over time. In South-East Europe, the opposite effect dominates the medium-term reality. As carbon costs rise and coal and lignite exit faster than grids and flexibility can be rebuilt, gas becomes more important to price formation, system stability, and volatility management—not because it

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Trading the gas–power interface: Where South-East Europe’s volatility is actually made

In South-East Europe, most of the meaningful volatility is not created in outright gas markets or in flat power positions. It is created at the interface between gas and electricity, in the narrow set of hours when fuel deliverability, power system constraints, and market design collide. Traders and industrial buyers who focus on average prices or

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Industrial gas contracting in a power-dominated risk environment

Industrial gas contracting in South-East Europe has entered a regime where electricity risk, not gas price risk, is the dominant cost driver, even for buyers whose core exposure appears to be fuel. Gas contracts that optimise average €/MWh outcomes increasingly fail to protect budgets because gas now transmits risk into power markets through marginality, deliverability limits,

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Gas-fired capacity as regional system insurance and its chronic underpayment problem

Gas-fired generation in South-East Europe no longer earns its keep by running often. It earns it by being there when nothing else works. In market terms, these plants function as regional system insurance: they suppress tail risk, stabilise frequency, and prevent cascading failures during rare but severe stress events. Yet remuneration frameworks still pay them as if

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