News about Gas
Gas prices on European exchanges are rising again. On Monday, the price of July futures on the TTF hub rose by more than 3%. Prices recovered from their recent drop below $490 and are once again heading toward the psychological threshold of $500 per thousand cubic meters.
The British energy company Petrofac has agreed to pay £569,000 to HM Revenue & Customs (HMRC) following a violation of rules related to sanctions against Russia.
A flat VAT rate of 20% on natural gas, electricity, and heating will lead to the impoverishment of citizens and the weakening of the national economy.
Head of the Bilbao Port Authority (Spain), Iván Jiménez, believes that the European Union needs to postpone the implementation of an embargo on Russian liquefied natural gas (LNG) to avoid the risk of excessive dependence on supplies from the United States. This was reported by the Financial Times.
The Russian-Moldovan company MoldovaGas JSC reported a net profit of 1.165 billion lei for 2025. A year earlier, the company had posted a loss of 627.6 million lei.
In 2026–2027, the price of oil will fluctuate between $70 and $80 per barrel.
At the annual General Meeting, the shareholders of Moldovagaz JSC heard reports on the activities of the Management Board, the Supervisory Board, and the Audit Commission for 2025.
The Ministry of Energy of the Republic of Moldova has published a Memorandum of Understanding with the U.S. companies SBCC and Wheeler Machinery Co. to develop a project for a gas-fired power plant with a capacity of at least 100 MW. The purpose of publishing the document has not been specified.
The Republic of Moldova will not extend the state of emergency in the energy sector, which expired on Tuesday, despite ongoing risks related to energy supplies.
Russian authorities are discussing the possibility of imposing a complete ban on diesel fuel exports. Deputy Prime Minister Alexander Novak made this announcement at a meeting attended by President Putin, according to the government press service and several Russian media outlets.
Following the reduction in Russian gas supplies, Europe has begun to purchase more liquefied natural gas (LNG) on the global market. However, this market remains global: European buyers are competing for the same volumes with Asian countries, where energy demand is also growing.
The number of people injured in an explosion at an industrial facility in the city of Ras Laffan in northeastern Qatar has risen to 54. Another 18 people are listed as missing, according to a statement by the Qatari Ministry of Interior published on social media platform X.
Iran has warned that it will halt energy supplies from the Middle East if the agreements reached with the United States are not fulfilled. This was stated by Mohammad Mohber, an adviser to the Supreme Leader of the Islamic Republic.
Iran announced the closure of the Strait of Hormuz to shipping, stating that this was in response to U.S. actions and Israeli strikes on Lebanon. This was reported by the Iranian news agency Mehr, citing the “Khatam al-Anbia” Armed Forces General Staff.
Moldovagaz JSC will face penalties if the company fails to fulfill its obligation to establish and maintain natural gas reserves intended for consumers on the left bank of the Dniester.
European Union countries have increased gas reserves in their underground storage facilities (UGS) to an average of 45.03% in preparation for the coming winter. However, despite the gas injection season, their fill levels turned out to be significantly lower than the figures for the past five years, according to data from Gas Infrastructure Europe (GIE).
The National Integrated Energy and Climate Plan (PNIEC) is a tool for Moldova to strengthen energy security, develop renewable energy sources, and protect consumers, said Carolina Novak, State Secretary at the Ministry of Energy, at the FOREN 2026 forum.
Galina Șelari, Ph.D. in Economics, appeared on the program “Expertise” that, when assessing the state of Moldova’s economy, it is necessary to look not only at the numbers but also at the presence of key factors that depend solely on the population and domestic resources—and in this sense, the Moldovan economy does not inspire confidence in the future.
The mandatory natural gas reserve level that MoldovaGas JSC must establish and maintain for the left bank of the Dniester has been set at 15% of the region’s average annual natural gas consumption by end users. The calculation is based on consumption data from the past five years.
A bipartisan bill aimed at strengthening Moldova’s energy security and reducing its dependence on Russian energy resources has been introduced in the U.S. Congress, the Ministry of Energy reported.
