... price peaks in 2022–2023. The European gas market is also exhibiting calmness, with underground gas storage in the EU nearly full ahead of winter, keeping prices at a moderate level (around $400 per thousand cubic meters). Meanwhile, the global energy transition is gaining momentum, with new records for electricity generation from renewable sources being reported worldwide. However, for the reliability of energy systems, countries cannot yet fully abandon traditional resources: oil, gas, and coal. ...

... This comprehensive approach optimizes the use of infrastructure (power lines, substations) and reduces the overall cost of clean energy production. Aiming for Carbon Neutrality China is the largest producer and consumer of energy in the world, and the transition to low-carbon technologies is critically important for the country. China has officially set a goal to peak greenhouse gas emissions by 2030 and achieve complete carbon neutrality by 2060. To meet these targets, the country is making substantial ...

... stability for gas in Europe: current exchange prices remain significantly below peak levels of 2022-2023. The energy geography of gas supplies to Europe has changed significantly over the past year. Key shifts in routes and sources include: Stopped transit through Ukraine: Since January 2025, supplies of Russian pipeline gas through the Ukrainian GTS have been completely halted following the expiration of the contract between Gazprom and Naftogaz. South Corridor as the main route: The only operational ...

... demand despite relatively limited pipeline supplies from Russia. Experts note that European companies will have to inject significantly more gas into storage than last year, considering increased consumption last winter and the complete cessation of transit through Ukraine since the beginning of the year. The Gas Exporting Countries Forum and analysts warn that competition for liquefied natural gas (LNG) on the global market may intensify, and summer exchange prices in Europe could exceed winter ...

... natural gas market continues to rapidly build up reserves ahead of the heating season. According to Gas Infrastructure Europe, underground gas storage facilities in EU countries are currently filled to approximately 69-70%—an unprecedented level for the transition from July to August in recent years. In absolute terms, reserve volumes are estimated at over 75 billion cubic meters. The refilling rates are also record-high: in June, European companies injected around 12.4 billion cubic meters of natural ...