Energy Market Update 25/02/2025

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:

🚢 Positive developments in US LNG exports continue as Venture Global Plaquemines facility receives approval to increase export capacity by 13%, enhancing shipment availability.

📈 The energy price cap is set to rise by an additional 2% in April to 5%, which may curb domestic demand and reduce overall consumption.

⚡ Following a tenfold increase in imports during February, Ukraine is expected to continue to import gas throughout March. Beyond March, import volumes remain unclear, due to ongoing Russian missile attacks on energy infrastructure impacting the level of local production.

📊 European energy markets are expected to remain challenged throughout the year amid heightened geopolitical and economic uncertainty, emerging from winter with European gas storage levels over 5% below the 5-year average. Global gas markets are unlikely to see significant easing until well into 2026.

🤝 More talks between Russia and US officials are to take place on Tuesday 25th February. This increases traders’ hopes for an end to the war in Ukraine which has eased pressure on gas prices further.

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