# 💥 Energy Flux 💥
> Independent market intelligence on LNG, European natural gas and geopolitical energy risk. Original analysis, proprietary data models and TTF insights.
Public Ghost content for AI and LLM tooling. Use `/llms-full.txt` for consolidated page and post context.
Append `.md` to any post or page URL to get the content in Markdown (for example, `/example-post.md`).

## Pages
- [What is Energy Flux?](https://www.energyflux.news/about.md) - Energy Flux is a market intelligence publication covering global LNG, natural gas and energy commodity markets. It combines specialist journalism with proprietary data tools to give readers an analytical edge on price movements, supply-demand dynamics and the geopolitical forces reshaping energy tr…
- [CHART DECK: Bear market spells trouble for LNG exporters](https://www.energyflux.news/bears-tighten-grip-on-ttf-2.md) - PLUS: Cleaning Up podcast, Mozambique LNG, Australia’s cautionary tale
- [Chart Deck download help](https://www.energyflux.news/chart-deck-download-help.md) - Download support Deck won’t download? If you tapped download and saw a failed to fetch error, it almost always means something between your device and our server — a corporate firewall, a VPN, or a browser extension — stopped the file. It’s rarely a problem with the deck itself or your subscription…
- [[Redirect] The Energy Flux podcast](https://www.energyflux.news/energy-flux-on-air.md) - Redirects to correct page
- [Hormuz Closure LNG Supply Impact Model](https://www.energyflux.news/hormuz-closure-lng-supply-impact-model.md) - An interactive chokepoint closure scenario engine, supported by a global LNG project tracker and user override layer
- [Media appearances](https://www.energyflux.news/media-appearances.md) - I love talking energy. Here’s an evergreen list of recent podcast and media appearances. If you want to book me for a slot, get in touch. Al Jazeera * US-Iran peace MoU: “There is a war of words to control market narrative and sentiment. We are going to enter another extraordinarily volatile period…
- [Privacy Notice](https://www.energyflux.news/privacy.md) - Everything you need to know about how we handle your personal data, your rights, and your options.
- [Flux Exchange: login](https://www.energyflux.news/sso.md) - Access to the Flux Exchange forum requires being a member (free or paid). Sign up for free ✍️ Log in 🪵 🔃 Then refresh this page. Logging you in, please wait...
- [Terms of Service](https://www.energyflux.news/terms-of-service.md) - Subscription terms, intellectual property rights, liability limitations, and permitted use of Energy Flux content and data.
- [Welcome to the Chart Deck — start here](https://www.energyflux.news/welcome-to-chart-deck-start-here.md) - Your subscription is active. Let’s get you into the data.
- [Welcome to Energy Flux Premium — start here](https://www.energyflux.news/welcome-to-premium-start-here.md) - Your subscription is active and everything is unlocked. Here’s where to begin.
- [Welcome to the Deep Dives — start here](https://www.energyflux.news/welcome-to-the-deep-dives-start-here.md) - Your subscription is active. Let’s get into the analysis.
- [Welcome to the Inner Circle – let’s go deeper 🔎](https://www.energyflux.news/welcome-to-the-inner-circle-lets-go-deeper.md) - 🔥 Your subscription benefits in full 🔥

## Posts
- [Unintended consequences](https://www.energyflux.news/unintended-consequences.md) - Attempts to break the US-Iran stalemate are raising the risk of conflict sprawling sideways into dimensions the market has not yet priced
- [TTF to the moon?](https://www.energyflux.news/dutch-ttf-to-the-moon-eu-gas-price-hormuz.md) - EU gas price surges past €60 per MWh. But is the top already in?
- [How the sun rewrote Pakistan’s LNG strategy](https://www.energyflux.news/how-the-sun-rewrote-pakistans-lng-strategy.md) - Europe’s 2022 gas grab taught Pakistan that long-term contracts do not guarantee molecules. Consumers answered blackouts and price spikes with 50 GW of unplanned solar. The result is an energy paradox: Pakistan is short of LNG today, but long on contracted supply to 2030.
- [The Hormuz clown show gets serious](https://www.energyflux.news/the-hormuz-clown-show-gets-serious.md) - Diplomacy has taken the back seat in the clown car. Markets have stopped laughing and started buying
- [Will the €50 ceiling hold?](https://www.energyflux.news/will-the-eur50-ceiling-hold-gas-ttf-hormuz.md)
- [The Spread is Dead](https://www.energyflux.news/the-spread-is-dead.md) - Storage without a signal: the new political economy of Europe’s gas buffer
- [Asia’s LNG demand: reality check](https://www.energyflux.news/asias-lng-demand-reality-check.md) - Shell’s 2026 Outlook leans harder than ever on stratospheric Asian demand to justify a new wave of LNG investment. But post-Hormuz, the data and policy responses all lean the other way.
- [From Moscow to Mar-a-Lago](https://www.energyflux.news/from-moscow-to-mar-a-lago.md) - Europe’s energy dependency has a new address. The continent has made a Faustian bargain with US LNG it doesn’t need.
- [The Hormuz Half-Life](https://www.energyflux.news/the-hormuz-half-life.md) - Iran holds the valve, but it is worth less every time it turns... so Tehran is reaching for the gun.
- [Priced for peace?](https://www.energyflux.news/priced-for-peace.md) - Markets have priced the US–Iran ceasefire as a fully-fledged peace deal. The 60-day clock, and our models, suggest otherwise.
- [INTERVIEW: The Iran deal is an unmitigated disaster for the US](https://www.energyflux.news/interview-the-iran-deal-is-an-unmitigated-disaster-for-the-us.md) - “This is a historic capitulation that will define the structure of global power for the next hundred years.”
- [Gas industry goes to war over EU storage rules](https://www.energyflux.news/gas-industry-goes-to-war-over-eu-storage-rules.md) - Eurogas wants EU-wide storage targets to expire in 2027. GIE wants them to continue. Gasunie wants a strategic reserve. Brussels warns that botched intervention is a cure worse than the disease. They cannot all be right.
- [The Fog of Peace](https://www.energyflux.news/the-fog-of-peace.md) - The US says the war is over and Hormuz is open. Energy markets are desperate to agree. Here’s what we know, what we don’t, and why the next two months will be more dangerous than headlines suggest.
- [The market that cried peace](https://www.energyflux.news/the-market-that-cried-peace.md) - Credulous energy markets have stopped pricing Iran, and started pricing Trump’s presidential word salads instead. This cannot end well.
- [The ceiling softens](https://www.energyflux.news/the-ttf-gas-price-ceiling-softens.md) - The hard risk budget cap keeping TTF below €50 has lifted. What remains is softer, stranger and harder to trade: a market with room to rally, but no-one willing to push through.
- [EU review flags algo-trading risks](https://www.energyflux.news/eu-gas-review-flags-algo-trading-risks.md) - But intervention is unnecessary, says Commission’s Gas Market Task Force
- [Quantum transits](https://www.energyflux.news/quantum-transits-strait-hormuz-lng.md) - The EU gas market is pricing two mutually exclusive Hormuz states at once. Energy Flux’s new model quantifies the disconnect between price-implied LNG flows and physical reality in the contested Strait. Either missing cargoes return, or TTF moves higher.
- [Spreads blow out](https://www.energyflux.news/ttf-jkm-lng-spreads-blow-out.md) - Atlantic LNG is heading east. EU storage refill is falling behind. And TTF keeps stalling below €50/MWh. This week’s Chart Deck explains why this apparent equilibrium is as soft as melting butter.
- [Countdown to the Commodities Crunch](https://www.energyflux.news/countdown-to-the-commodities-crunch.md) - 🎧 The looming macroeconomic shock, ballooning winter risk for EU gas markets, demand destruction & post-Hormuz narrative whipsaw
- [The slow grind higher](https://www.energyflux.news/ttf-gas-the-slow-grind-higher.md) - The gas market is no longer pricing a clean Hormuz reopening. It is pricing something messier: conditional transit, shifting LNG flows, nervous funds, and a shortfall in European gas storage injections.
- [The Hidden Ceiling](https://www.energyflux.news/var-the-hidden-ceiling-why-ttf-cant-break-50.md) - Value-at-Risk: Why TTF can’t break €50/MWh despite investment funds holding a record net long position in an unparalleled bullish setup
- [Crossing the Hormuz chasm](https://www.energyflux.news/crossing-the-hormuz-chasm-oil-lng-iran.md) - The fragile bridge back to molecular normality is fraying
- [The post-Hormuz cliff edge](https://www.energyflux.news/the-next-narrative-whipsaw-ttf-lng-gas-hormuz.md) - Prolonged closure jacks up near-term volatility, and sets the stage for an abrupt reversal: macroeconomic shock + demand destruction + new LNG supply wave
- [The shock absorber cracks](https://www.energyflux.news/the-shock-absorber-cracks.md) - For 55 days, the war-shocked global LNG market has been balanced by Asian state buyers going without. One just said, enough is enough.
- [Groundhog Strait](https://www.energyflux.news/groundhog-strait-hormuz-lng.md) - 🎧 US-Iran ceasefire extended, Hormuz still closed to LNG. Could the Strait dominate the US midterms? We created three new LNG supply scenarios to find out.
- [A market at war with itself](https://www.energyflux.news/a-market-at-war-with-itself-gas-lng-ttf-jkm.md) - Does the mispricing thesis still hold water? Either the data is wrong, or the market is.
- [Update to the Hormuz LNG supply model](https://www.energyflux.news/update-to-the-hormuz-lng-supply-model.md) - Quick re-opening, or prolonged disruption? Model how Middle East diplomacy and conflict impact fast-changing global LNG supply balances, in our improved scenario engine.
- [War vs. Glut: The Great LNG Reckoning](https://www.energyflux.news/war-vs-glut-the-great-lng-reckoning.md) - War shut in one of the world’s most critical export arteries. The long-promised supply wave is finally arriving. Which force wins, when, and by how much? Our new scenario data model brings clarity to the confusion.
- [America’s Suez moment](https://www.energyflux.news/americas-suez-moment-iran-middle-east-war.md) - Trump’s hollow ‘victory’ is Iran’s greatest triumph — and a rupture with the old energy order
- [Easter Escalation](https://www.energyflux.news/easter-escalation-trump-gas-lng-qatar-iran-war.md) - Iran war spirals, Hormuz stays shut to LNG, and gas markets still aren’t paying attention
- [Weaponising the fog of war](https://www.energyflux.news/weaponising-the-fog-of-war-trump-hormuz-lng-ttf.md) - Markets can’t price what they can’t see. And right now, nobody can see anything.
- [Armageddon deferred?](https://www.energyflux.news/us-iran-war-armageddon-deferred-podcast-gas-lng-oil.md) - 🚨 EMERGENCY POD 🎧 Deciphering Trump's latest Iran TACO, and why the future of Middle East oil and LNG exports hinges on regime change in Tehran
- [The Great Gas Risk Mispricing](https://www.energyflux.news/the-great-gas-risk-mispricing.md) - Markets are failing to reflect compounding supply shortages and Iran conflict escalation risk
- [Lies, damned AIs, and oil prices](https://www.energyflux.news/lies-damned-ais-and-oil-prices.md) - Algorithmic execution has created the perfect insider-trading machine
- [The Middle East energy war is spiralling out of control](https://www.energyflux.news/the-middle-east-energy-war-is-spiralling-out-of-control.md) - 🚨 EMERGENCY POD 🎧 Deciphering the wide-ranging implications of unprecedented strikes on energy installations in Iran and Qatar, and the prospect of uncontrolled military escalation
- [Israel takes energy warfare to the next level](https://www.energyflux.news/israel-takes-energy-warfare-to-the-next-level.md) - Strike on Iran’s giant South Pars gas field goes beyond military escalation. This is a structural supply shock with cascading consequences for oil, condensate, LNG and power that energy markets have barely begun to price.
- [The Price of Vassalage](https://www.energyflux.news/the-price-of-vassalage.md) - How Europe’s response to the Hormuz crisis is blunting the very tools it needs to escape import dependency
- [The Pain Factor](https://www.energyflux.news/the-pain-factor.md) - 🎧 Why markets anticipate a long Hormuz closure
- [Hormuz closure triggers record TTF liquidation](https://www.energyflux.news/hormuz-closure-triggers-record-ttf-liquidation.md) - Gas and LNG prices surge, as the storage-speculation nexus lights up along the forward curve
- [Strategic shock in the Middle East](https://www.energyflux.news/strategic-shock-in-the-middle-east.md) - Iran, the Gulf, and the crisis of regional order
- [War in Iran convulses energy markets](https://www.energyflux.news/war-in-iran-convulses-energy-markets.md) - Hormuz closure and Qatar LNG shut-in trigger extreme volatility in gas, LNG and freight charter rates. The outlook is dire, especially for Europe, but not unremittingly so.
- [War profits, quantified](https://www.energyflux.news/war-profits-quantified.md) - As Middle East regional war upends global gas markets, US LNG exporters and traders stand to pocket a multi-billion-dollar windfall
- [Iran: US Energy Dominance laid bare](https://www.energyflux.news/iran-war-us-energy-dominance-laid-bare-lng-gas-geopolitics.md) - Trump’s war of choice is a bonanza for US LNG exporters, and a catastrophe for everyone else
- [The storage-speculation nexus: revisited](https://www.energyflux.news/the-storage-speculation-nexus-revisited.md) - Our revamped Chart Deck reveals hedge funds are again positioned to capitalise on Europe’s daunting gas storage refilling challenge
- [Dwindling EU gas stocks amplify Hormuz risk premium](https://www.energyflux.news/dwindling-eu-gas-stocks-amplify-hormuz-risk-premium.md) - Without a deep winter buffer, the European gas market is vulnerable to exaggerated price moves
- [AI data centres: quantifying the gas burn](https://www.energyflux.news/ai-data-centres-quantifying-the-gas-burn.md) - How much natural gas will America’s AI boom really need? Our new Constraint Model puts numbers to the narratives
- [Cold shoulder](https://www.energyflux.news/cold-shoulder.md) - Too much LNG, not enough comfort
- [The cost of volatility](https://www.energyflux.news/the-cost-of-volatility-ttf-natgas-natural-gas-trading-price-spikes.md) - Who pays when risk management itself becomes riskier and more expensive?
- [Hormuz on the brink?](https://www.energyflux.news/strait-of-hormuz-on-the-brink-iran-us-tensions-standoff-lng-oil-gas-qatar.md) - Gunboat diplomacy, commodity shocks, and the price of escalation
- [Revenge of the machines](https://www.energyflux.news/revenge-of-the-machines-ttf-henry-hub-price-implosion.md) - Natural gas markets implode in frenzy of automated selling and cascading long-stop orders
- [After the squeeze](https://www.energyflux.news/after-the-big-ttf-squeeze-natural-gas-henry-hub.md) - Algo traders take a breath after being taken to the cleaners
- [Volatility is exploding. Fundamentals are not](https://www.energyflux.news/volatility-is-exploding-fundamentals-are-not.md) - Self-reinforcing volatility loop sustains sudden winter gas price rally, but for how long?
- [Short squeeze!](https://www.energyflux.news/short-squeeze-ttf-eu-gas-market-price-spike-winter.md) - Hedge funds punish complacency in EU gas market. This is a sign of the times.
- [Venezuela’s Gas: The World’s Most Expensive Bonfire](https://www.energyflux.news/venezuela-natural-gas-the-worlds-most-expensive-bonfire-caracas-flaring-methane-empire.md) - As the world fixates on oil, Venezuela burns $1.4bn of gas — while sitting on an untouched methane empire that could redraw regional power
- [Europe’s grotesque LNG dilemma](https://www.energyflux.news/europes-grotesque-lng-dilemma.md) - 2026 OUTLOOK: The Old Continent’s LNG habit could soon be funding two illegal military interventions on its immediate peripheries
- [Venezuela: what happens next?](https://www.energyflux.news/venezuela-caracas-trump-maduro-oil-gas-chaos-what-happens-next.md) - Chaos looms after audacious decapitation of Maduro regime
- [Scarcity, abundance and urgency](https://www.energyflux.news/scarcity-abundance-and-urgency-how-natural-gas-lng-prices-dictate-pace-of-transition.md) - How natural gas prices dictate the pace of energy transition
- [LNG glut claims first US scalp](https://www.energyflux.news/lng-glut-claims-first-us-scalp.md) - PLUS: Tracking the glut, cheap gas and the energy transition, 2025 in review, Chart Deck + TTF Risk Model update
- [Tracking the LNG glut](https://www.energyflux.news/tracking-lng-glut-chart-deck.md) - New LNG physical balance index monitors glut conditions in real-time | Chart Deck — 19 Dec 2025
- [US LNG profits go negative](https://www.energyflux.news/us-lng-profits-go-negative.md) - Spread compression intensifies, but TTF is primed to snap back | Chart Deck — 12 Dec 2025
- [The great Transatlantic gas crunch](https://www.energyflux.news/the-great-transatlantic-gas-crunch.md) - Negative US LNG profits & record-low Henry Hub-TTF correlation signal extreme market dislocation — and looming rebalancing
- [Bears tighten grip on TTF](https://www.energyflux.news/bears-tighten-grip-on-ttf.md) - EU gas bear market spells trouble for LNG exporters | Chart Deck — 4 Dec 2025
- [Funds short TTF](https://www.energyflux.news/funds-short-ttf.md) - Speculative capital prices in return of Russian gas to Europe, as global LNG glut deepens | Chart Deck — 27 Nov 2025
- [Chart Deck — 21 Nov 2025](https://www.energyflux.news/chart-deck-21-nov-2025.md) - New downloadable slide deck in PDF and PPSX formats, for convenient offline viewing
- [UK-Norway gas trade: Time for a New Deal?](https://www.energyflux.news/uk-norway-gas-trade-time-for-a-new-deal.md) - If we want to avoid populist parties weaponising energy prices we need to think differently, starting with trade relationships between the UK and Norway.
- [See no evil, hear no evil](https://www.energyflux.news/see-no-evil-hear-no-evil.md) - From moral high ground to marked silence: the new US stance on Ukrainian corruption
- [US LNG eats itself](https://www.energyflux.news/us-lng-eats-itself.md) - The American gas export boom risks becoming a victim of its own success. Can the waning shale sector pull off a production miracle?
- [‘Let’s get physical!’: Abaxx takes on JKM](https://www.energyflux.news/lets-get-physical-abaxx-takes-on-jkm-in-quest-for-lng-benchmark-status.md) - Abaxx Exchange is betting that physical settlement can dethrone JKM as the global LNG price benchmark. The market isn’t so sure.
- [Arb to nowhere](https://www.energyflux.news/arb-to-nowhere-lng-ttf-jkm-eu-gas-market-moribund.md) - CHART DECK: Moribund European gas market resurrects narrow Asian LNG premium
- [The Illusion of Power](https://www.energyflux.news/the-illusion-of-power.md) - 🎧 VIDEO POD: Empty threats and new dependencies in a fragmented energy world
- [The invisible divide](https://www.energyflux.news/ttf-the-invisible-divide-ice-endex-eex-eu-natural-gas-trading-investment-funds.md) - REVEALED: How hedge funds secretly split Europe’s TTF gas market in two
- [Wrong at both ends](https://www.energyflux.news/ttf-curve-wrong-at-both-ends.md) - CHART DECK: The TTF curve is failing to price in both near-term bullish risks and more distant bearish realities
- [Arctic LNG 2: In from the cold?](https://www.energyflux.news/arctic-lng-2-in-from-the-cold.md) - DEEP DIVE: How China’s sanctions-busting imports and the EU’s Russian LNG ban complicate global trade flows
- [Moldova’s long road to energy independence](https://www.energyflux.news/moldovas-long-road-to-energy-independence.md) - DEEP DIVE: Electoral victory for pro-EU government paves way for deeper integration with European energy markets
- [Beware complacency](https://www.energyflux.news/beware-complacency.md) - CHART DECK: Fundamentals are increasingly bearish, but the market remains prone to shocks
- [The Shifting Sands of Gulf Security](https://www.energyflux.news/the-shifting-sands-of-gulf-security-saudi-arabia-pakistan-mututal-defence-pact-nuclear-deterrant-middle-east-gulf-geopolitics-oil-petrodollar.md) - DEEP DIVE: Decoding the Saudi–Pakistan Mutual Defence Pact
- [Gastech 2025 presentation: Mapping the storage-speculation nexus](https://www.energyflux.news/gastech-2025-presentation-mapping-the-storage-speculation-nexus.md) - VIDEO PODCAST 🎧 Using regression analysis to dissect hedge fund positioning along the TTF forward curve
- [Gastech 2025 walk & talk](https://www.energyflux.news/gastech-2025-walk-talk.md) - VIDEO PODCAST 🎧 Reflections from the exhibition floor of the world's biggest gas conference
- [Gastech 2025: Peak LNG hubris](https://www.energyflux.news/gastech-2025-peak-lng-hubris-natural-gas-glut-investment-trump-politics.md) - HOT TAKE: Dealmaking frenzy and reality denial reign supreme in Milan
- [Aramco slow-walks LNG expansion](https://www.energyflux.news/aramco-slow-walks-lng-expansion.md) - DEEP DIVE: Saudi NOC has little to show for a decade of sniffing around big-ticket investments
- [Decorrelation!](https://www.energyflux.news/ttf-decorrelation-eu-natgas-winter-outlook-chart-deck.md) - TTF breaks from the script. Does this alter the winter outlook?
- [PoS2: It’s not about the gas](https://www.energyflux.news/pos2-its-not-about-the-gas.md) - HOT TAKE: Power of Siberia 2 sends a clear signal of geopolitical intent
- [When the dam breaks](https://www.energyflux.news/when-the-dam-breaks.md) - CHART DECK: It never rains gas, but it pours LNG
- [You’re invited: Energy Flux drinks reception in Milan](https://www.energyflux.news/youre-invited-an-intimate-energy-flux-gathering-in-milan.md) - Exclusive rendezvous for premium readers — RSVP
- [See you at Gastech 2025!](https://www.energyflux.news/see-you-at-gastech-2025.md) - 💥 Don't miss the Energy Flux presentation and Q&A in the Emerging Gas Price Trends session on Wednesday 10th September 💥
- [Make Alaska Russian Again?!](https://www.energyflux.news/make-alaska-russian-again-trump-putin-ukraine-russia.md) - VIDEO PODCAST 🎧 Dissecting the many layers of significance to today's Trump-Putin summit in Anchorage
- [Venture Global’s pyrrhic victory](https://www.energyflux.news/venture-globals-pyrrhic-victory-lng-shell-arbitration-dispute.md) - HOT TAKE: Court ruling clarifies legal grey area, at the expense of long-term trust between buyers and sellers
- [The boy who cried ‘bull’!](https://www.energyflux.news/the-boy-who-cried-bull-gas-lng-prices-market-outlook.md) - CHART DECK: Will anyone believe stern warnings of market tightness ever again?
- [Start your mornings with Flux Briefing ☕](https://www.energyflux.news/start-your-mornings-with-flux-briefing-ai-energy-analysis-discourse.md) - Get free AI-powered daily gas and LNG market updates from Energy Flux
- [Torching value](https://www.energyflux.news/torching-value.md) - DEEP DIVE: The $16 billion global gas flaring scandal — quantified, by country, for the first time
- [Geopolitical theatre (part 2)](https://www.energyflux.news/geopolitical-theatre-part-2.md) - HOT TAKE: The Transatlantic LNG deal is a ridiculous sham, and everyone knows it
- [In search of signal](https://www.energyflux.news/ttf-eu-gas-natgas-risk-model-in-search-of-signal.md) - TTF Risk Model sheds light on opaque summer EU gas market | Chart Deck: 24 July 2025
- [Introducing: Flux Exchange](https://www.energyflux.news/introducing-flux-exchange.md) - A private members forum for honest debate & genuine market insights
- [TTF Risk Model v2.0](https://www.energyflux.news/ttf-risk-model-v2-0.md) - New and improved modelling cuts through the noise to give a clearer view of shifts in risk pricing
- [Pain threshold](https://www.energyflux.news/asia-lng-price-pain-threshold-energy-natural-gas.md) - DEEP DIVE: How low must LNG prices go to unlock Asian demand?
- [Geopolitical theatre](https://www.energyflux.news/geopolitical-theatre.md) - TTF bull trap turns investment funds into bag holders | EU LNG Chart Deck: 26 June 2025
- [Whiplash!](https://www.energyflux.news/whiplash.md) - TTF turns on a dime, but is risk being priced properly? | EU LNG Chart Deck: 20 June 2025
- [New! Tiered subscriptions + 7-day free trial for all plans](https://www.energyflux.news/new-tiered-subscriptions-7-day-free-trial-for-all-plans.md) - More choice. Same sharp insight. Now with a free trial.
- [The view from Baku](https://www.energyflux.news/baku-energy-forum-view-azerbaijan-natural-gas-aliyev.md) - EXCLUSIVE: SOCAR interview Q&A + multimedia report from Baku Energy Week
- [Don’t forget the macro!](https://www.energyflux.news/dont-forget-the-macro-energy-market-israel-iran-war-economy-fundamentals-oil-gas.md) - HOT TAKE: Oil and gas prices will surge on Monday’s market open. But this won’t mark a structural shift.
- [SOCAR: ‘Our customers are behind a glass wall’](https://www.energyflux.news/azerbaijan-socar-our-customers-are-behind-glass-wall-gas-energy-vitaliy-baylarbayov-seb-kennedy-interview.md) - EXCLUSIVE: Deputy VP Vitaliy Baylarbayov talks TTF, hydrogen, gas transit tariffs, and more...
- [Ukraine wants to frack its way to victory](https://www.energyflux.news/scoop-ukraine-fracking-freedom-shale-gas-natgas-europe-russia-war-energy.md) - EXCLUSIVE: Kyiv is hunting for foreign cash and technology to unleash an American-style shale gas revolution
- [Back to Baku](https://www.energyflux.news/back-to-baku-azerbaijan-oil-rocks.md) - Reporting from Baku Energy Week, and a press trip out to Oil Rocks - one of the weirdest places in the energy world
- [APLNG’s billion-dollar price cut](https://www.energyflux.news/aplng-billion-dollar-price-cut-lng-natgas-gas-china-asia-sinopec.md) - HOT TAKE: APLNG-Sinopec contract price review speaks volumes about Asian demand & market direction
- [Counterweight](https://www.energyflux.news/counterweight.md)
- [Important update: Energy Flux has moved!](https://www.energyflux.news/important-update-energy-flux-has-moved.md) - Big news: Energy Flux has switched platform providers, moving from Substack to Ghost 😮 This change allows me to improve and expand the newsletter’s overall value proposition — delivering a richer experience, sharper analysis, and more utility for you. Most importantly: You don’t need to do anythin…
- [The Merz mandate](https://www.energyflux.news/the-merz-mandate.md) - DEEP DIVE: Germany’s unpopular new Chancellor must navigate a geopolitical maelstrom to tame energy prices & revive economic growth
- [🎧 Nord Stream 2: the plot thickens!](https://www.energyflux.news/nord-stream-2-the-plot-thickens.md) - Listen now | NS2 AG gets legal stay of execution hours after EU floats Russian gas ban
- [Zombie bulls twitch back to life](https://www.energyflux.news/zombie-bulls-twitch-back-to-life.md) - Prompt EU gas price rebounds on Russian gas ban, but this ain’t no recovery | EU LNG Chart Deck: 10 May 2025
- [The storage-speculation nexus (part 3)](https://www.energyflux.news/the-storage-speculation-nexus-part.md) - DEEP DIVE: Hedge funds are all at sea after regulatory overhaul triggered epic TTF correction
- [That Friday feeling](https://www.energyflux.news/that-friday-feeling.md) - Pexapark podcast, Iberian blackout culture war, US-Ukraine mineral deal, trade war thaw
- [🎧 Fickle trade war takes its toll on LNG demand](https://www.energyflux.news/fickle-trade-war-takes-its-toll-on.md) - PLUS: Listener Q&A on TTF price outlook, US LNG risks, and Jeff Currie's The New Joule Order
- [The big squeeze](https://www.energyflux.news/the-big-squeeze.md) - DEEP DIVE: US LNG margins are about to be crushed by immense cost & price pressures
- [Phase shift](https://www.energyflux.news/phase-shift.md) - Bearish market reality bites, accelerating the onset of a new pricing regime | EU LNG Chart Deck: 17 April 2025
- [The unstoppable tragedy of Mozambique LNG](https://www.energyflux.news/the-unstoppable-tragedy-of-mozambique.md) - DEEP DIVE: Neither Trump nor Mozambique can afford *not* to build this $20 billion megaproject — human rights abuses be damned
- [Chaos theory](https://www.energyflux.news/chaos-theory.md) - HOT TAKE: Trump’s impossible energy trade demands are a fractal of infinite contradictions
- [Trump slump](https://www.energyflux.news/trump-slump.md) - Trade war lunacy implodes markets and recasts the economics of LNG in Europe | EU LNG Chart Deck: 7 April 2025
- [Gas attack: Inside Russia’s new strategy to break Ukraine](https://www.energyflux.news/gas-attack-inside-russias-new-strategy.md) - DEEP DIVE: Amidst the turmoil of ceasefire talks, Ukraine faces a grim supply picture for next winter – and an even harsher economic reality that poses existential risks to the government in Kyiv
- [US LNG’s affordability crisis](https://www.energyflux.news/us-lngs-affordability-crisis.md) - DEEP DIVE: America is losing its competitive edge in the Asian LNG market
- [Sudzha burns 🔥](https://www.energyflux.news/sudzha-burns.md) - BREAKING: Drone strike on Russia’s last remaining direct EU gas export route all but eliminates role for energy in Ukraine peace talks
- [🎧 A ceasefire in name only](https://www.energyflux.news/a-ceasefire-in-name-only.md) - Russia's agreement to stop bombarding Ukrainian energy infrastructure is purely tactical
- [Appearances can be deceiving](https://www.energyflux.news/appearances-can-be-deceiving.md) - Is the TTF selloff bottoming out? | EU LNG Chart Deck: 13 March 2025
- [🎧 Regulation vs. geopolitics: what's driving EU gas prices?](https://www.energyflux.news/regulation-vs-geopolitics-whats-driving.md) - PLUS: US-Russia sanctions, LNG OPEC, Brent vs TTF pricing + more reader Q&As
- [Burning the house down](https://www.energyflux.news/burning-the-house-down.md) - Investment funds torch €8bn of EU gas futures in record TTF selloff | EU LNG Chart Deck: 6 March 2025
- [🎧 A wild week in EU gas markets](https://www.energyflux.news/a-wild-week-in-eu-gas-markets.md) - PLUS: The correlation between TTF and Henry Hub
- [The bear roars!](https://www.energyflux.news/the-bear-roars.md) - TTF selloff gains pace, but regulatory standoff sets the stage for a rebound | EU LNG Chart Deck: 27 February 2025
- [Dismantling the EU’s flawed equity LNG plan](https://www.energyflux.news/dismantling-the-eus-flawed-equity.md) - HOT TAKE: The EU wants to gamble taxpayer money on US LNG at the worst possible moment
- [🎧 Europe is waking up to the TTF speculation problem](https://www.energyflux.news/europe-is-waking-up-to-the-ttf-speculation.md) - PLUS: The EU’s misguided US LNG investment plan & reader Q&A
- [TTF selloff: tactical pause?](https://www.energyflux.news/ttf-selloff-tactical-pause.md) - HOT TAKE: Hedge funds liquidate big chunk of TTF long position, but this is not a structural reversal — yet
- [Sell the rumour…](https://www.energyflux.news/sell-the-rumour.md) - …buy the news? | EU LNG Chart Deck: 18 February 2025
- [Regulatory schizophrenia](https://www.energyflux.news/regulatory-schizophrenia.md) - HOT TAKE: EU mulls relaxation of gas refilling targets, as industry rejects THE’s restocking subsidy folly. But price cap revival muddies waters.
- [🎧 The Energy Flux podcast 🎧](https://www.energyflux.news/the-energy-flux-podcast.md) - Relaunching the Energy Flux podcast
- [Sizing up the LNG glut (part 2)](https://www.energyflux.news/sizing-up-the-lng-glut-part-two.md) - DEEP DIVE: The future of energy ain’t what it used to be
- [The future growth of LNG](https://www.energyflux.news/the-future-growth-of-lng.md) - PODCAST: Redefining Energy. AND: Freight rates, tariffs, EU gas storage regs
- [LNG shipping rates ‘go negative’](https://www.energyflux.news/lng-shipping-rates-go-negative.md) - BREAKING: Acute oversupply renders old tonnage less than worthless
- [Sizing up the LNG glut (part 1)](https://www.energyflux.news/sizing-up-the-lng-glut-part-1.md) - DEEP DIVE: When will the global LNG market tip into oversupply? And what might the transition to a new pricing regime look like?
- [Germany bites the gas storage bullet](https://www.energyflux.news/germany-bites-the-gas-storage-bullet.md) - HOT TAKE: TTF surges above €50/MWh on Berlin’s new storage subsidy mechanism
- [New Year, old realities](https://www.energyflux.news/new-year-old-realities.md) - Bullish habits die hard | EU LNG Chart Deck: 20 January 2025
- [Gas, carbon, and the geopolitical web](https://www.energyflux.news/gas-carbon-and-the-geopolitical-web.md) - PODCAST + DEEP DIVE: War, insecurity and runaway TTF speculation are complicating Europe’s energy transition
- [Honest reflections on Energy Flux in 2024](https://www.energyflux.news/the-good-the-bad-and-the-ugly.md) - PLUS: The ‘wild card’ for TTF in 2025
- [One for the road?](https://www.energyflux.news/one-for-the-road-ttf-natgas-russia-ukraine-gas.md) - The 2024 bullish party in EU gas markets is not quite over, but an epic New Year hangover awaits | EU LNG Chart Deck: 31 December 2024
- [Seven lessons from a wild year in EU energy markets](https://www.energyflux.news/a-year-is-a-long-time-in-energy-markets.md) - 2024 IN REVIEW: Brace for the next plot twist in the ‘EU gas crisis’ story
- [Everything must go!](https://www.energyflux.news/everything-must-go.md) - DEEP DIVE: Europe is draining stored gas as fast as possible, while dialling down LNG imports. Why?
- [The storage-speculation nexus (part 2)](https://www.energyflux.news/storage-speculation-nexus-part-2-natural-gas-ttf-eu.md) - DEEP DIVE: Data analysis reveals how hedge funds are positioned to exploit lax regulation and profit from EU gas storage targets
- [Fever pitch](https://www.energyflux.news/fever-pitch.md) - Market uncertainty is reaching 2022 proportions, but not all risks are being priced equally | EU LNG Chart Deck: 25 November 2024
- [On the Air](https://www.energyflux.news/on-the-air.md) - An evergreen list of my podcast, TV, and media appearances
- [Jedi mind trick](https://www.energyflux.news/jedi-mind-trick.md) - This is not the bearish gas market you are looking for | EU LNG Chart Deck: 20 November 2024
- [US LNG vs ‘America first’](https://www.energyflux.news/us-lng-vs-america-first.md) - DEEP DIVE: Can Trump maximise American gas exports without infuriating the MAGA crowd?
- [Canary in the coalmine](https://www.energyflux.news/canary-in-the-coalmine.md) - DEEP DIVE: An autopsy of LNG freight rates reveals a wider malaise facing the industry
- [Who let the bulls out?](https://www.energyflux.news/who-let-the-bulls-out.md) - Bullish revival in EU gas market leaves everyone scratching their heads | EU LNG Chart Deck: 28 October 2024
- [Asia’s LNG bottleneck (part 2)](https://www.energyflux.news/asias-lng-bottleneck-part-2.md) - DEEP DIVE: Infrastructure constraints threaten to rain on the Asian LNG parade
- [Asia’s LNG bottleneck (part 1)](https://www.energyflux.news/asias-lng-bottleneck-part-1.md) - DEEP DIVE: Will infrastructure constraints burst the Asian LNG demand growth narrative?
- [Madness at the margins](https://www.energyflux.news/madness-at-the-margins.md) - DEEP DIVE: For better or worse, marginal pricing of electricity is here to stay
- [Geopolitics turns bearish](https://www.energyflux.news/geopolitics-turns-bearish.md) - DEEP DIVE: EU gas bulls are charging towards a big Russian bear
- [The mask slips](https://www.energyflux.news/the-mask-slips.md) - TTF ‘flash crash’ exposes how algorithms & speculation are destabilising Europe’s gas market | EU LNG Chart Deck: 24 September 2024
- [Value over volume](https://www.energyflux.news/value-over-volume.md) - DEEP DIVE: Gas-fired power demand is crashing, but its system value is soaring
- [Podcast // Draghi // E-FWD event](https://www.energyflux.news/podcast-draghi-e-fwd-event.md) - Modo Energy podcast // thoughts on the Draghi report // join me at E-FWD event in Edinburgh on Thursday
- [The unravelling begins](https://www.energyflux.news/the-unravelling-begins.md) - EU gas market teeters towards bearish flip, as physical and financial players liquidate positions | EU LNG Chart Deck: 9 September 2024
- [Turning point?](https://www.energyflux.news/turning-point.md) - Hedge funds are tempering bullish bets on European gas prices. Is this a momentary blip, or a change of direction? | EU LNG Chart Deck: 2 September 2024
- [The storage-speculation nexus](https://www.energyflux.news/the-storage-speculation-nexus.md) - DEEP DIVE: Europe is holding vast amounts of natural gas in storage for longer periods. Is this fuelling energy price volatility?
- [Pump up the volume!](https://www.energyflux.news/pump-up-the-volume.md) - Hedge funds boosted bullish bets as EU gas prices hit new 2024 highs
- [Out on a limb](https://www.energyflux.news/out-on-a-limb.md) - European gas markets price in supply disruptions that might not happen. A steep correction is long overdue | EU LNG Chart Deck 5-9 August 2024
- [From risk premium to risk-off](https://www.energyflux.news/from-risk-premium-to-risk-off.md) - Why WW3 would not be ‘bullish for gas’ | EU LNG Chart Deck 29 July-2 August 2024
- [Renewables are crushing gas-fired power](https://www.energyflux.news/renewable-crushing-gas-fired-power-wind-solar-eu.md) - But wind and solar are no panacea for Europe’s fragile electricity system
- [Back at the desk](https://www.energyflux.news/back-at-the-desk.md) - A quick preview of forthcoming posts — summer 2024
- [Drowning in liquidity](https://www.energyflux.news/drowning-in-liquidity-gas-ttf-speculation-europe.md) - DEEP DIVE: Too much of a good thing can be volatile
- [EU watchdog wakes up to TTF speculation](https://www.energyflux.news/ttf-crackdown-eu-gas-position-limits-esma-afm.md) - BREAKING: Market regulator ‘lowers’ position limits on Dutch TTF trades — but not everything is as it seems
- [The TTF transparency gap](https://www.energyflux.news/ttf-transparency-gas-lng-market-energy-prices.md) - FREE POST: Inadequate data and lax regulation obfuscate what’s really driving EU gas prices
- [This is not a free market](https://www.energyflux.news/this-is-not-a-free-market.md) - Financial manoeuvring and political machinations trump physical realities in gas price formation | EU LNG Chart Deck 13 May-14 June 2024
- [Fighting gravity](https://www.energyflux.news/eu-natural-gas-ttf-hedge-funds-fighting-gravity.md) - DEEP DIVE: Hedge funds are making bullish bets in a fundamentally bearish EU gas market
- [Funds versus fundamentals](https://www.energyflux.news/funds-versus-fundamentals.md) - DEEP DIVE: Hedge funds are inflating European natural gas prices, at consumers' expense
- [Bursting the narrative bubble](https://www.energyflux.news/bursting-the-narrative-bubble.md) - Gas markets enter new bullish phase amid Golden Pass LNG debacle & OMV’s mysterious court ruling | EU LNG Chart Deck 13-24 May 2024
- [Russia goads Britain with Antarctic oil fable](https://www.energyflux.news/russia-britain-antarctic-oil-uk-war-ukraine.md) - DEEP DIVE: British Conservatives want to drill for oil in the South Pole. They are playing into Russia’s hands
- [Gas bulls sweat it out](https://www.energyflux.news/gas-bulls-sweat-it-out.md) - Searing temperatures in Asia and LNG supply disruptions buoy EU gas prices. But for how long? | EU LNG Chart Deck 29 Apr-10 May 2024
- [Data centres vs US LNG](https://www.energyflux.news/data-centres-vs-us-lng-america-gas-power-demand.md) - DEEP DIVE: Could an AI-fuelled boom in gas demand threaten the economics of US LNG exports?
- [Has EU LNG demand peaked?](https://www.energyflux.news/eu-lng-demand-has-peaked-gas-energy.md) - Either way, demand will plateau just as global supply surges | EU LNG Chart Deck: 28 Mar-26 Apr 2024
- [War, peace and energy in the land of fire](https://www.energyflux.news/green-energy-corridor-azerbaijan-gas-war-peace.md) - DISPATCH FROM BAKU: Can a ‘green corridor’ of energy trade heal deep wounds in the South Caucasus?
- [From Baku with love 💔](https://www.energyflux.news/from-baku-with-love.md) - My four-day tour of Azerbaijan went by in a flash. It's been emotional
- [Reporting from the Land of Fire 🔥](https://www.energyflux.news/reporting-from-the-land-of-fire.md) - I’m going to Azerbaijan — the Caspian keystone in Europe’s energy mosaic
- [The trouble with dirt-cheap shale gas](https://www.energyflux.news/trouble-with-dirt-cheap-shale-gas-lng-us-europe.md) - DEEP DIVE: Is America facing an LNG feed gas crunch?
- [Schrödinger’s gas crisis](https://www.energyflux.news/schrodingers-natural-gas-crisis-energy-ukraine.md) - Europe’s energy emergency is simultaneously alive and dead | EU LNG Chart Deck: 11-28 Mar 2024
- [Golden hour for gas-fired power](https://www.energyflux.news/golden-hour-for-gas-fired-power-electricity-coal.md) - DEEP DIVE: Falling costs put gas ahead of coal in the merit order. Could electrification sustain this trend?
- [Japan’s LNG surplus adds to Asian glut](https://www.energyflux.news/japan-lng-surplus-asian-glut-natural-gas-trade.md) - Utilities must resell more volumes at the worst possible moment
- [The Asian LNG glut is here](https://www.energyflux.news/the-asian-lng-glut-is-here-oil-gas-price-trade.md) - Widening gulf between LNG spot prices and oil-indexed contracts is squeezing sellers | EU LNG Chart Deck: 4-8 Mar 2024
- [Gas flood sinks canal crisis](https://www.energyflux.news/lng-gas-flood-sinks-panama-suez-canal-crisis.md) - Oversupplied LNG market shrugs off canal outages | EU LNG Chart Deck: 19 Feb-1 Mar 2024
- [LNG’s canal conundrum](https://www.energyflux.news/lng-gas-suez-panama-canal-conundrum-geopolitics.md) - DEEP DIVE: Without Suez and Panama transits, shipping costs could spike – or collapse
- [The Panama paradox](https://www.energyflux.news/the-panama-paradox-us-lng-drought-gas-trade.md) - Canal drought leaves US LNG exporters facing tricky choices | EU LNG Chart Deck: 5-16 Feb 2024
- [The cost of geopolitics](https://www.energyflux.news/lng-cost-geopolitics-red-sea-trade-gas.md) - DEEP DIVE: Red Sea shipping crisis reshapes the economics of LNG trade
- [Pause for the cause](https://www.energyflux.news/pause-for-thought-biden-gas-lng.md) - Global gas markets shrug at Biden’s US LNG 'pause' | EU LNG Chart Deck: 29 Dec 2023-2 Feb 2024
- [Redefining 💥Energy Flux💥](https://www.energyflux.news/redefining-energy-flux.md) - A premium newsletter analysing global natural gas markets through the lens of Europe’s net-zero journey
- [What might global LNG trade look like in 2024?](https://www.energyflux.news/eu-natural-gas-lng-trade-geopolitics-prices-2024.md) - The outlook is bearish, but the only certainty is uncertainty | EU LNG chart deck: 11-29 Dec 2023
- [2023 in review](https://www.energyflux.news/2023-in-review.md) - And a look ahead to next year in Energy Flux
- [Russia’s stunted LNG coup](https://www.energyflux.news/russia-coup-arctic-lng-2-sanctions-natural-gas.md) - DEEP DIVE: Novatek has defied sanctions against Arctic LNG-2, but is the achievement merely symbolic?
- [REPOST: ❄️Frozen out of a warming Arctic🔥](https://www.energyflux.news/repost-frozen-out-of-a-warming-arctic.md) - DEEP DIVE: Is Russia losing its grip on Arctic energy resources?
- [The rise of the middlemen](https://www.energyflux.news/rise-of-lng-middlemen-traders.md) - Why are traders gobbling up LNG in a moribund market? | EU LNG chart deck: 27 Nov-8 Dec 2023
- [The winter that never was](https://www.energyflux.news/the-winter-that-never-was.md) - Never say never, but is winter over before it even started? | EU LNG chart deck: 13-24 Nov 2023
- [Competitive tension](https://www.energyflux.news/competitive-tension.md) - How to keep offshore wind subsidies in check
- [Dead cat bounce](https://www.energyflux.news/dead-cat-bounce-2.md)
- [Terminal decline](https://www.energyflux.news/terminal-decline.md) - Softening demand raises questions around Europe's LNG terminal expansion drive | EU LNG chart deck: 27 Oct - 10 Nov 2023
- [Greed over growth](https://www.energyflux.news/greed-is-killing-gas-demand-growth.md) - DEEP DIVE: The relentless pursuit of profit is squeezing consumers and killing gas demand
- [Gas bubble?](https://www.energyflux.news/gas-bubble.md) - Prices rise even as demand falls. Time for a correction? | EU LNG chart deck: 16-27 Oct 2023
- [The 27 Club](https://www.energyflux.news/the-27-club.md) - Who wants to place a wager on what the world will look like in 2050?
- [Shock therapy](https://www.energyflux.news/shock-therapy.md) - Geopolitical crises jolt moribund gas markets back into life | EU LNG chart deck: 9-13 Oct 2023
- [Eerie calm](https://www.energyflux.news/eerily-calm.md) - Global gas and LNG benchmarks are flatlining on the eve of winter. How long can this market tranquility last? EU LNG chart deck: 18 Sep-6 Oct 2023
- [Less offshore wind = more CO2, even more £££](https://www.energyflux.news/less-uk-offshore-wind-means-more-co2-costs.md) - Extra gas burn would boost UK power emissions by a quarter at a cost of £1 billion every year
- [Pushing the boat out](https://www.energyflux.news/pushing-the-boat-out.md) - There’s no safe place to put all the gas. EU LNG chart deck (4-15 Sep 2023)
- [Less offshore wind = more gas, more £££](https://www.energyflux.news/less-offshore-wind-more-gas-more.md) - The UK’s looming offshore wind shortfall could cost billions in extra gas consumption
- [Industrial (in)action](https://www.energyflux.news/industrial-inaction.md) - Global gas prices fell even as Australian unions set a date to strike. What gives? EU LNG chart deck: 28 Aug-1 Sep 2023
- [Made in Germany, fuelled in America](https://www.energyflux.news/made-in-europe-fuelled-in-america.md) - Incredibly, BASF could save $4.8 billion by buying LNG from America. EU LNG chart deck: 21-25 Aug 2023
- [Gas on the water](https://www.energyflux.news/gas-on-the-water.md) - Bizarrely, natural gas is now worth more at sea as LNG than in underground storage. EU LNG chart deck: 14-18 Aug 2023
- [Strike spike](https://www.energyflux.news/strike-spike-eu-lng-gas-prices.md) - EU LNG chart deck: 7-11 Aug 2023
- [*REPOST* Big Oil’s painful offshore wind pivot](https://www.energyflux.news/repost-oil-painful-offshore-wind-pivot.md) - European oil majors throw caution to the wind by embracing razor-thin margins
- [Europe’s pyrrhic gas victory](https://www.energyflux.news/europes-pyrrhic-gas-victory.md) - DEEP DIVE: War has taken a $1 trillion toll on European gas consumers
- [Scholz the cautious LNG shipper](https://www.energyflux.news/scholz-the-cautious-lng-shipper-2.md)
- [*REPOST* Lost in transition: Big Oil searches for purpose as peak demand looms](https://www.energyflux.news/repost-lost-in-transition-big-oil.md) - BP’s decision to slash its crude production this decade is brave. But its assumption that pivoting to low carbon will be profitable is heroic
- [Scope 3 hyperopia](https://www.energyflux.news/scope-3-mistaken-focus-end-use-emissions.md) - The energy industry can barely tame its own emissions, let alone yours and mine
- [Zombie pipelines taunt Pakistan](https://www.energyflux.news/zombie-gas-pipelines-taunt-pakistan.md) - Pakistan is the Asian ‘energy bridge’ that never got built. Now the country is about to implode under the pressure of unaffordable energy.
- [Chinese whispers, European jitters](https://www.energyflux.news/chinese-whispers-european-jitters.md) - Brittle EU gas markets were rattled by misplaced fears of renewed Chinese appetite for LNG. In fact, China barely needs spot LNG and will probably be sending more cargoes to Europe in the coming years
- [Can green steel halt EU deindustrialisation?](https://www.energyflux.news/can-green-steel-halt-eu-deindustrialisation.md) - Decarbonising steel is an immense challenge, a climate imperative and a huge industrial opportunity
- [Green steel and intermittency risk](https://www.energyflux.news/green-steel-and-renewable-intermittency-risk.md) - Can the steel industry decarbonise using variable-output wind and solar?
- [Is gas-fired power back in the money?](https://www.energyflux.news/is-gas-fired-power-back-in-the-money.md) - EU gas hub prices collapsed at the end of 2022. But the economics of gas power plants remain extremely challenged
- [Important billing update](https://www.energyflux.news/important-billing-update.md) - There’s no paywall and subscriptions are now donations. Billing resumes on Monday.
- [Energy markets are so damn fickle](https://www.energyflux.news/energy-markets-are-so-damn-fickle.md) - And none more so than natural gas
- [The price of freedom (gas)](https://www.energyflux.news/the-price-of-freedom-gas.md) - DEEP DIVE: The need to reduce gas demand - and political squabbling - has never been more urgent
- [China’s thirst for (clean) power](https://www.energyflux.news/chinas-thirst-for-clean-power.md) - Coal saved China’s hydro-reliant provinces during this summer’s extreme drought. But using thermal plants to prop up the grid during dry periods risks exacerbating the problem of water stress
- [HOT TAKE: BP’s LNG hedge turns sour](https://www.energyflux.news/hot-take-bps-lng-hedge-turns-sour.md) - But ‘exceptional’ gas trading propels earnings
- [EU gas goes… negative?](https://www.energyflux.news/eu-gas-goes-negative.md) - Gas stocks are almost full, but don't rejoice yet
- [Novos horizontes](https://www.energyflux.news/novos-horizontes.md) - Extended outage during relocation
- [US LNG is becoming a zero-sum game](https://www.energyflux.news/us-lng-is-becoming-a-zero-sum-game.md) - More American gas in Europe means more price pain for American consumers — and vice-versa
- [Space, time and electricity (part 3)](https://www.energyflux.news/space-time-and-electricity-part-3.md) - DEEP DIVE: Burning gas to replace curtailed wind is madness. Nodal pricing does not restore sanity.
- [Space, time and electricity (part 2)](https://www.energyflux.news/space-time-and-electricity-part-2.md) - DEEP DIVE: What exactly is nodal pricing and why does it mean a return to central dispatch?
- [Space, time and electricity (part 1)](https://www.energyflux.news/space-time-and-electricity-part-1.md) - DEEP DIVE: How should power prices be formed on a grid that is constraining renewables?
- [Dissecting the ‘Iberian exception’](https://www.energyflux.news/dissecting-the-iberian-exception.md) - Is the Spanish gas price cap a success or failure?
- [Poland’s false sense of energy security](https://www.energyflux.news/polands-false-sense-of-energy-security.md) - Warsaw can cope without Russian gas, but for how long?

## Optional
- [RSS Feed](https://www.energyflux.news/rss/)
- [Sitemap](https://www.energyflux.news/sitemap.xml)
- [Full content of pages and posts](https://www.energyflux.news/llms-full.txt)