Energy Market Update 18/02/2025

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:

🔥 Asian LNG prices have risen to a one-year high driven by colder weather forecasts in the region. This is increasing competition with Europe for LNG and exacerbating ongoing European storage concerns

⚡ European gas market is expected to remain tight throughout 2025, as the loss of Russian flows and ongoing exit from coal generation reduce flexibility to balance the market

☢️ European energy companies are at risk of a Uranium supply crunch as metal used to power reactors face shortages amid rising nuclear power demand.

🕊️ The US has begun initiating peace talks with Russia to end the three-year war with Ukraine, signalling a potential shift in diplomatic efforts that could see a return to some Russian gas flows and ease the European balance.

🚢 President Trump has approved the first LNG export license since former President Biden paused approvals last year. The license, granted to Commonwealth LNG, allows exports to non-free-trade agreement countries, including European nations.

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