The worldwide natural gas market experienced a significant upheaval in 2022 when Russia drastically reduced pipeline deliveries to Europe. This created exceptional pressure on supply and led to a global energy crisis. However, Europe managed to surpass historical storage averages in their underground gas reserves due to a variety of targeted policy measures, a sharp decrease [...]
If the European Union has drawn a clear conclusion from the energy crisis derived from the Russia-Ukraine conflict, it has been to accelerate the energy transition in order to reduce its dependence on energy sources from third countries, and not to repeat scenarios of high prices that have put domestic companies and consumers in check, and [...]
After more than a year since the publication of Circular 3/2020, its complete reform of the Spanish electricity tariff system is no longer uncertain. The planned changes that everyone hoped to avoid are now here to stay. Last year, at this same time, we faced one of the most hotly contested directives of 2020, the famous [...]
In December 2019, the European Commission presented the European Green Deal, an ambitious package of measures that should ensure that the EU meets its climate goals, while enabling European citizens and businesses to benefit from a sustainable green transition. In that sense decarbonization technologies are ramping up to mitigate the buildup of greenhouse gases and to [...]
2021 starts with the hangover of a 2020 year to forget and a meteorological phenomenon that this winter has shaken the European gas markets. And by the way, it has contributed the wholesale power market break price records as well. All of this ended up in gas price levels never seen before (both for high prices [...]
Everyone expected so much of 2020, setting it at an important milestone for the World with the globalization peaking and the technology and social barriers being tested constantly. On the other hand, the long trade war between US and China was weighing on the markets and a recession was on the edge. Despite that, no one [...]
Before covid, the energy sector was facing significant challenges due to growing demand for renewable energy, declining oil demand and falling profits. The virus has only further shaken the energy industry. Other factors they already faced: Many investors are pulling out of traditional energy companies. There has been an increase in social responsibility, reducing their popularity. [...]
Groningen is medium-sized town in the north of the Netherlands. As far as towns go, it probably doesn’t qualify as your dream destination but the name is quite famous within the European energy community, for this small municipality is home to the largest gas field in western Europe – a behemoth esteemed at 2800 km3 of [...]
The world's most populous country, with more than 1.3 billion people, is beginning to take a change in its energy policy seriously, adopting a proactive, cleaner and more efficient approach. The Asian country has shares of CO2 emissions well above the average of other countries. In fact, China is the most polluting country on the planet, [...]
Last Friday, Magnus CMD attended the Gas Industrial Forum 2018, organized by Gas Industrial Association. The most important players of the Iberian gas market were represented in the event, both from large consumers, as well as from regulatory and control bodies such as CNMC, ENAGAS, MIBGAS and MINETAD. In this forum, we had the opportunity to [...]
