Energy Market Update 11/02/2025

Welcome to our weekly energy market update, where we share the latest trends, shifts, and key developments impacting the energy sector. Whether it’s fluctuations in oil and gas prices, changes in renewable energy policies, or updates on energy infrastructure projects, we’re here to help you stay informed. Join us as we break down the most important factors influencing the market this week, and explore what these changes could mean for your business.

Current Market Drivers:

☀️ Europe’s LNG demand is set to rise 20% this summer, requiring 230 additional cargoes to replenish storage, while rigid EU targets may further drive seasonal demand. Meanwhile, Egypt’s status as a net LNG importer further tightens global supply, intensifying competition with Europe.

🌍 Geopolitics continues to provide support, with Ukraine becoming a net gas importer due to declining storage levels and sustained Russian attacks on energy infrastructure, alongside Trump’s recent Middle Eastern policies provoking some concerns of further instability in the region.

⚡ European power demand is expected to rise by 2% in 2025, driven largely by electrification, including heat pumps, data centres and electric vehicles.

🔄 Slovakia’s SPP has resumed receiving supplies from Gazprom via TurkStream, with volumes set to double in April, potentially stabilising regional supplies and improving Europe’s supply security.

🚢 Increasing LNG tanker supply, lower shipping costs and US cargo diversions, are enhancing European LNG availability.

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