What is Energy Flux?

Energy Flux serves professionals and decision-makers across the LNG and natural gas value chain — traders, analysts, investors, energy companies, legal firms, policymakers and consultancies. But the readership is broad: think-tanks, NGOs, academics and curious individuals who want to understand how gas and LNG markets actually work are all part of the community. Everyone is welcome.

Gas and LNG remain structural pillars of the global energy system. Natural gas keeps the lights on when renewables fall short, but at significant economic and environmental cost — a tension that defines energy policy debates worldwide.

The economics of gas became impossible to ignore after Russia's full invasion of Ukraine in 2022. Europe's emergency pivot to LNG triggered extreme price volatility that sent shockwaves through global energy markets and squeezed consumers across every gas-reliant segment of the economy. Those dynamics never went away, and returned with a vengeance during the US-Israeli offensive against Iran in 2026.

As the marginal generator in most western European power markets, gas typically sets the electricity price. That makes LNG market dynamics essential to understanding the economics of renewables and nuclear — not just gas itself.

For upstream producers, global LNG exposure is increasingly attractive. But gas-producing countries that embrace LNG exports often find they are importing higher prices — gobbling up arbitrage at the expense of domestic consumers, with real political consequences.

The volume of gas traded as LNG overtook pipeline gas in 2021, and the gap continues to widen. Yet this crucial commodity remains poorly understood: price formation lacks transparency, trade dynamics are opaque and contract structures are complex. Energy Flux exists to cut through that opacity — and to make sense of what's driving market sentiment.

Energy Flux is written and published by Seb Kennedy, a specialist energy journalist and market analyst with deep expertise in LNG, natural gas pricing, and energy geopolitics.

Seb has been writing about energy since 2008, starting as a reporter on the UK renewables beat before covering oil and gas, LNG, hydrogen, market design and climate policy for a range of trade publications and consultancies. He now combines editorial output with proprietary data tools and regular broadcast appearances on international media. Find Seb on LinkedIn here.

Energy Flux is 100% editorially independent, funded entirely by paying subscribers. There are no corporate sponsors, no advertiser interests and no institutional affiliations shaping the coverage.

That said, Energy Flux is not opinion-free. Seb's analysis is shaped by a clear-eyed view: over-reliance on LNG exposes consumers to market volatility and geopolitical risk, while undermining climate policy and energy security. Demand reduction, electrification and energy efficiency remain among the most powerful — and most undervalued — tools available to policymakers.

That position is balanced by an explicit acknowledgement that gas remains critical to European prosperity and industrial output. Constraining supply too aggressively risks price spikes, energy insecurity, and real economic damage in Europe and beyond.

Energy Flux brings nuance and rigour to the debate on natural gas in a decarbonising world, while questioning the prevailing narrative that LNG demand growth is guaranteed for decades to come.

Energy Flux offers something rare in this space: independent, data-driven LNG and gas market analysis with no corporate or ideological agenda.

Subscribers receive on average one publication per week, often more when markets are moving fast. Content includes:

💥 The Chart Deck — data-rich visual analysis of gas and LNG price movements, home to the TTF Sentiment Tracker and TTF Risk Model, as well as the Storage-Speculation Regression Model.

💥 Deep Dives — long-form essays and stand-alone data investigations exploring under-reported themes across gas, LNG and the wider energy system.

💥 Hot Takes and Breaking News — instant insight and quick-fire updates on fast-moving energy market events

Premium subscribers also get access to:

💥 PODCAST Q&A — submit questions for the mailbag section of The Energy Flux Podcast.

💥 FLUX EXCHANGE — comment on all posts and join subscriber-only forum channels in Flux Exchange, the community forum.

Free readers receive paywalled previews and occasional open-access posts. For full access to the archive and the community, take out a premium subscription — and support independent energy journalism.

Bespoke plans are available for individuals, and corporate accounts can be arranged via annual invoicing. Please get in touch to discuss.