With elections looming, EU energy policy may shift further away from a dogmatic green agenda to greater pragmaticism and a focus on energy security and affordability.
Inflation-adjusted U.S. gas prices have fallen to the lowest level for over 30 years as a mild winter and continued production growth leave the market carrying a growing surplus of inventories.
Electrification will be the endgame of China’s decades-long energy transition, with a major new outlook released at COP28 in Dubai predicting power demand to more than double by 2060 as Beijing electrifies swathes of the Chinese economy. [Gas in Transition, Volume 3, Issue 12]
A lack of progress on the Power of Siberia 2 pipeline following the latest meeting between Vladimir Putin and Xi Jinping in Beijing chips away at the picture of unshakeable unity and strength both leaders have sought to project under their “no limits” friendship. [Gas in Transition, Volume 3, Issue 10]