Keywords: Gas supply


EU warns gas prices will stay high for years after war damage

Europe will face elevated natural gas prices for years, even under the most optimistic scenario, the EU’s energy chief has warned, citing extensive damage to production infrastructure in the Gulf during the war involving Iran. The disruption has already tightened global supply and driven sharp......

Renewables offset Hormuz crisis as fossil power output falls

The closure of the Strait of Hormuz, triggered by the war involving the United States, Iran, and Israel, was expected to drive a surge in coal use. Instead, new data shows global fossil fuel electricity generation declined in March as renewable energy absorbed the shock. Analysis from the Centre for......

Norway gains $5 billion windfall as Iran war reshapes Europe energy

Norway has generated roughly 5 billion dollars in additional revenue since the start of the war in Iran, as disruptions to global energy supply boosted oil prices and demand from Europe. According to The New York Times, the surge reflects Norway’s growing role as a key energy supplier to European......

Global energy crisis deepens as oil supply disruptions intensify

The world is facing an unprecedented energy crisis as disruptions to oil and gas supplies continue to intensify, raising concerns about global economic stability and inflation. According to the head of the International Energy Agency (IEA), the current situation represents one of the most severe energy......

Taiwan secures alternative LNG supply as Hormuz blockade enters second month

Taiwan has received supply guarantees from an unidentified major energy-producing country and secured alternative liquefied natural gas deliveries, while the United Arab Emirates has moved to reassure its population on food and commodity stability, as the Strait of Hormuz blockade enters its second month......

Italy seeks new gas supplies as Meloni visits Algeria amid Qatar disruptions

Italian Prime Minister Giorgia Meloni is set to visit Algeria this week as Italy moves to secure alternative gas supplies following disruptions in deliveries from Qatar. The supply issues are linked to escalating tensions in the Middle East, which have affected energy infrastructure and export capacity. Algeria......

Energy supply restored to Iraqi power plants after disruption

Iraq’s power plants have resumed receiving Iranian gas following a three-day disruption caused by regional tensions, Iraqi authorities announced on Saturday. The interruption had affected critical energy infrastructure, highlighting the country’s continued dependence on external energy sources. The......

Lebanese gas distributors assure stocks are sufficient amid high demand

Lebanese gas distributors have confirmed that current gas stocks are sufficient for at least one month, even as demand surges due to a cold wave affecting mountainous and coastal regions. The announcement comes amid heightened regional tensions and military activity. According to the national gas distributors’......

Key Developments in the Russia-Ukraine War: Day 1,042

The ongoing conflict between Russia and Ukraine continues to evolve, with significant military and diplomatic events marking Day 1,042 of the war. On January 1, 2025, both sides experienced military confrontations, while diplomatic talks and shifts in energy policies also took center stage. Military......