Energy Market Update 20/05/2025

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:

📈 US LNG output continues to ramp up, with all three Corpus Christi Stage 3 trains expected online this year, while Plaquemines Phase 2 is anticipated to come online ahead of schedule.

⚡ The UK has announced a threefold increase in the budget for its Clean Industry Bonus Scheme, raising support for offshore wind development to £544 million.

🕊️ Russia-Ukraine peace talks continue to yield no tangible results as Russia signals no intent to scale back its offensive amid the launch of it’s largest drone attack on Ukraine since the war began.

💧 Drought forecasts have raised concerns about potential disruptions to both renewable and nuclear energy output this summer, underscoring the broader impact of climate change on energy generation.

📉 European underground gas storages are 3.5% below the 5 year rolling average. This will increase gas demand throughout the Summer as the Block tries to refill the storages ready for Winter.

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