National Grid pushing Grain LNG out to market was among the top developments in the sector over the week but UK prime minister Rishi Sunak announcing 4 July as the next general election date arguably trumps that — at least the electorate have the upcoming bank holiday to let it sink in.
Back to business — National Grid is also looking to tap investors for around GBP 7 billion (~USD 9 billion) to fund its all-out push into developing a grid that's robust enough to cope with renewables coming online. In a strategy hint earlier this year, National Grid's CEO John Pettigrew back in March said an ultra-high voltage “super supergrid” was required to meet increasing long-term power demand in the UK.
In a move that flushed out Europe's ongoing gas supply from Russia, Austria's OMV warned the market of a potential halt to Gazprom gas supplies due to a European court ruling that would disrupt payments to the Russian company.
Elsewhere, ADNOC continued its buying spree with its first United States acquisition and a stake in a Mozambique project.
As you dive in for the best of the rest of the events that made headlines this week, please note Gas Matters Today will resume normal news service on 28 May, after the UK bank holiday.
NSTA says carbon storage levy depends on industry's 'self-sustaining footing'
Grain LNG for sale as National Grid issues fundraise to boost net zero push
As UK election looms energy industry bodies urge ‘honesty’ over net-zero cost
Hungary to prioritise power grids, geothermal during EU council presidency
UK elections: energy policies, hydrogen, Labour’s GB Energy in the frame
UK seeks feedback on expansion of carbon trading scheme
ADNOC continues LNG buying spree with Mozambique stake
Europe’s power industry execs push back on excessive energy, climate rules
US maritime watchdog piles fresh pressure on DOE over LNG
Austria’s OMV prepares for Gazprom gas halt amid pending legal enforcement
China’s LNG imports up 30% amid economic growth, lower spot prices
EU adopts 2049 cut-off for gas contracts as bloc targets net zero
US maritime watchdog piles fresh pressure on DOE over LNG
Australia's power shortages risk raised as clean energy projects grapple delays, regulator says
Subscription Benefits
Our three titles – LNG Business Review, Gas Matters and Gas Matters Today – tackle the biggest questions on global developments and major industry trends through a mixture of news, profiles and analysis.
LNG Business Review
LNG Business Review seeks to discover new truths about today’s LNG industry. It strives to widen market players’ scope of reference by actively engaging with events, offering new perspectives while challenging existing ones, and never shying away from being a platform for debate.
Gas Matters
Gas Matters digs deep into the stories of today, keeping the challenges of tomorrow in its sights. Weekly features and interviews, informed by unrivalled in-house expertise, offer a fresh perspective on events as well as thoughtful, intelligent analysis that dares to challenge the status quo.
Gas Matters Today
Gas Matters Today cuts through the bluster of online news and views to offer trustworthy, informed perspectives on major events shaping the gas and LNG industries. This daily news service provides unparalleled insight by drawing on the collective knowledge of in-house reporters, specialist contributors and extensive archive to go beyond the headlines, making it essential reading for gas industry professionals.
