Experts from the Commission, EU countries and stakeholder associations discussed the security of EU gas supply at yesterday’s Gas Coordination Group, taking stock of the current market situation and winter preparedness. While gas storage levels remain below the average of pre-crisis levels, the Group confirmed that there is currently no immediate concern for the security of gas supply in the EU for the next winter […]
“Romanian gas must create economic development for Romania: generate added value in the economy,” Cristina Prună, vice-president of the Chamber of Deputies’ Industry and Services Commission, wrote in a post on Facebook. The Senate adopted the bill initiated by Cristina Prună, which proposes the superior valorization of natural gas by supporting investors and creating jobs […]
In the second half of 2025, household gas prices in the EU continued to show the seasonal fluctuation between semesters that was visible before the 2022 crisis, with this pattern distorted during 2022 and 2023. Average prices, including taxes, rose to €12.28 per 100 kWh, up from €11.43 in the first half of the year. […]
Experts from the European Commission, EU countries and the International Energy Agency (IEA) met in the Gas and Oil Coordination Groups today to discuss the EU’s gas and oil security of supply situation in Europe, as the Middle East conflict enters its third month. The Gas Coordination Group confirmed that the EU’s gas security of supply […]
In a meeting of the Gas Coordination Group held this morning, the Commission and EU countries discussed the EU’s security of gas supply in view of the ongoing disruption in the Middle East. The Commission referred to the letter sent by Commissioner Jørgensen inviting EU countries to make use of the flexibility provisions in the […]
Considering the market volatility stemming from the conflict in the Middle East, the European Commission is calling on EU countries to start gas filling season and preparations in a coordinated manner and in time for next winter. The EU security of energy supply remains protected at this stage due to the limited reliance on imports from this region and liquified natural […]
European gas benchmarks, which had already risen sharply on Monday morning, soared after Qatar’s state-owned energy company QatarEnergy announced it was halting liquefied gas production following an Iranian drone attack, AFP reported. At around 12:30 GMT, at the TTF gas hub in Amsterdam, where European benchmark prices are set, natural gas futures were up more […]
Turkey said on Thursday it opposed Greece’s “unilateral activities” in hydrocarbon fields south of the island of Crete, carried out by a consortium led by US oil giant Chevron, calling them a violation of international law and good neighborly relations, Reuters reported. A consortium led by Chevron signed exclusive agreements on Monday to explore for […]
EU gas and electricity markets in the second quarter of 2025 saw a further return to more stable and predictable levels, according to the new quarterly reports for both markets published today. Wholesale gas prices seemed to turn the corner, declining for the first time since early 2024, as LNG imports surged. At the same […]
The European Union agreed on Wednesday to phase out Russian gas imports by the end of 2027, part of efforts to overcome the bloc’s decades-long dependence on Russian energy. EU government representatives and the European Parliament reached an agreement on Wednesday morning on proposals put forward by the European Commission in June to cut off […]
The United States has granted Hungary a one-year waiver from sanctions imposed on imports of Russian oil and gas, a White House official said, after Viktor Orbán insisted on a postponement during a meeting with Donald Trump in Washington, The Guardian reports. Last month, Trump imposed sanctions related to the war in Ukraine on Russian […]
European Union energy ministers on Monday backed a proposal to ban Russian gas imports, boosting the bloc’s efforts to further reduce Russia’s energy export revenues, DPA reported. “An energy-independent Europe is a stronger and more secure Europe. Although we have worked hard and made efforts in recent years to wean ourselves off Russian oil and […]
The EU is well prepared for winter 2025-2026 and the months that follow, according to the annual Winter Supply Outlook published today by the European Network for Transmission System Operators for Gas (ENTSOG). The report points to the essential role gas storage plays in securing the winter supply as well as the ability and resilience […]
Romania’s gas storage facilities are already over 80% full, a level above the European average and which creates the premises for complete filling before the start of winter, even if storage obligations have been relaxed. 81.07%. This is the degree of filling of underground gas storage facilities in Romania, on August 25, according to aggregated […]
