Energy Market Update 15/04/2025

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-China trade war leading to resale of contracted US cargoes by China, primarily to Europe, boosting LNG import prospects at a time when Europe needs strong levels of LNG to fill storage.

📊 President Trump’s sweeping tariffs have had a strong impact on wider commodity pricing, fuelling fears of a global recession.

🗓️ The EU could meet its gas storage target by the end of September, more than a month ahead of the official deadline, but this depends on continued LNG deliveries and no major disruption to pipeline flows. Storage currently sits below 35%, well behind the levels seen in the last two years, but prospects are improved from infrastructure and supply diversification.

📉 The EU remains in an uncertain energy security dilemma as President Donald Trump’s use of energy as a trade lever rises concerns over dependence on US LNG, compounded by stalled LNG imports talks with Qatar.

⚡ Instances of negative or low imbalance prices continue to pose challenges to the buildout of further renewable capacity in the Nordic and Southern regions of Europe.

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