Latest news
Europe may not need additional LNG terminals
Europe may find itself with excess LNG capacity following a flurry of newbuild import terminals and project announcements in the wake of Russia’s invasion of Ukraine, amid declining demand, according to analysts.
read more... 01/11/2023
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New UK laws to strengthen energy security and advance net zero
The Energy Act 2023, the most comprehensive energy legislation in the UK’s history, received Royal Assent on Thursday, 26th October.
read more... 27/10/2023
Marubeni to invest $12.2bn in UK’s clean energy projects
Japanese integrated trading and investment business Marubeni has entered a memorandum of understanding (MoU) with the UK Government to invest £10bn ($12.2bn) in the country’s renewable energy projects over the next ten years.
read more... 16/10/2023
Daily (13.10.2023): UK gas prices surged on Thursday amid heightened geopolitical risk in the Middle East, colder weather forecast
Oil prices ended mixed on Thursday, with WTI crude weighed down by a surprise and massive rise in US crude inventories, which has raised fears about global oil demand. US Commercial crude inventories surged by 10.2 million barrels last week. As a result, WTI crude ended at $82.91 per barrel, down 0.7% day-on-day. On the other hand, Brent crude moved sideways at $86.00 per barrel.
read more... 13/10/2023
UK weighs one-off increase to energy price cap to aid suppliers
Britain's energy regulator is considering a one-off increase to its price cap on energy bills to reduce the risk of suppliers going bust amid record levels of customer energy debt, it said on Thursday, in a proposal condemned by consumer campaigners.
read more... 13/10/2023