Europe & UK Faces Energy Turmoil: Soaring Prices and Middle East’s Potential Role
Europe and the UK are grappling with escalating energy challenges as surging gas prices and concerns over renewable energy development dominate the agenda. In Europe, natural gas prices have surged to a one-year high of over €50/MWh, driven by colder-than-average weather, production outages, and below-average storage levels. EU gas storage is 71.8% full, falling short […]
India’s Gas Demand Climbs as Fertilizers Dominate
LNG Imports Rise as Domestic Gas Production Declines: Shifting Energy Trends in India India’s natural gas consumption reached 6019 million standard cubic meters (MMSCM) in October 2024, reflecting the growing energy demands of its industrial and urban sectors. The fertilizer sector emerged as the largest consumer, accounting for 29% of the total usage, followed by […]
