AGP Executive Report
Last update: 8 hours agoEnergy Security: European gas prices topped €100/MWh for the first time since 2022 as Middle East conflict disrupts supply; EU storage is 75% full, below last year’s level. The bloc is preparing an emergency release of 42 million barrels of crude and diesel. Iran’s Revolutionary Guard says three tankers struck mines near the Strait of Hormuz, while oil prices eased on reports of renewed US-Iran talks. LNG and Gas: QatarEnergy agreed to buy 3 million tonnes a year of US LNG from Woodside’s Louisiana project for 20 years, starting in 2030. Indonesia, meanwhile, is cutting gas exports to Singapore and says domestic demand will take priority. Power and Transition: Ukraine secured nearly UAH 939 million for 60 MW of gas-fired generation in the west. In Kenya, rehabilitation raised the capacity of the Olkaria I geothermal plant from 45 MW to 63 MW without increasing its steam supply.
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