Energy Market Update 11/03/2025

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 operator Venture Global has increased its export expectations for 2025, and combined with weak Chinese demand and tariffs, this could signal an increase in US LNG imports by Europe.

⏳ The European Commission have confirmed that LNG storage can be included in European storage targets and under exceptional circumstances the 90% target could be delayed until 1st December, offering flexibility and easing some concerns.

☀️ Solar PV generated more electricity than coal in the EU last year, with the ongoing increases in renewable capacity improving both the UK and European low carbon electricity generation prospects.

📉 Ukrainian storage levels have fallen to 4.7%. To ensure adequate winter supply, Ukraine will need to import a minimum of 3-5 bcm of gas. News of ongoing Russian attacks on Ukrainian gas facilities and advances into key gas pipeline territory adds to the uncertainty.

🌍 European underground gas storage levels are now 4.8% below the 5 year average. This will increase the demand for gas throughout the Summer as countries scramble to refill their storages.

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