AGP Executive Report
Last update: 9 hours agoGas and LNG: European gas prices eased from a four-year high of €97.19/MWh, but storage at about 74.6% leaves little cushion for winter. A Rystad Energy forecast says Europe’s LNG bill could rise by at least $12bn this year, even as buyers cut demand. UK Bills: Chancellor John Healey is expected to announce measures including gas-bill cuts of up to £50, as global conflict pushes up energy costs. Ukraine’s Energy Security: Norway is providing 500 million kroner for repairs and equipment ahead of winter; Ukraine has also asked Lithuania for more contributions to its Energy Support Fund. Fuel Resilience: The European Commission is opening a dialogue with refineries on securing supplies, noting EU plants provide around 70% of aviation fuel and 85% of diesel used in Europe. Storage: Greece has opened its first 100 MW battery-storage project, designed to store surplus renewable power and support grid stability.
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