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POWER: Weekly News Highlights MNI Power Service Part 2/2 Week 4

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See below the weekly news highlights of the MNI power Service for the week 20-24 January.

  • EMISSIONS – The EU carbon price is forecast to hit €177/t CO2e by 2035, when CBAM will be fully implemented, according by BNEF.
  • Analyst’ forecasts for 2025 EUA prices have been slightly revised up, while 2027 EUA prices have been revised down according to a Reuters survey of ten analysts.
  • Speculator positioning in EU ETS futures on the ICE exchange turned again more bullish on the week with net long positionings at the highest since the week of 4 February 2022, the latest COT data as of 17 January showed.
  • European People’s Party, the strongest group in the EU Parliament, in a paper recommended the CBAM should be put on hold for at least two years.
  • Europe is eying several key CCUS projects expected to reach FID in 2025, with initiatives in the UK, Netherlands, Norway and Germany according to BNEF.
  • The European Commission will host talks with the European automobile industry to protect the sector’s competitiveness amid stricter emissions regulations and looming US tariffs.
  • US President Donald Trump announced to again withdrawal from the Paris Agreement in an executive order on Monday according to the White House.
  • Italy’s Snam has started talks with France and Greece to trade CO2 from its Ravenna CCS project, Snam’s CEO Stefano Venier said.
  • NATGAS - Gas flows to Freeport LNG are set to rise on Thursday following the winter storm power problem which halted operations this week according to LSEG data.
  • A seventh LNG vessel diverted from Asia to Europe this month drawn by higher European prices and more sluggish Asian demand according to Kpler tracking.
  • Germany’s THE said it aims to introduce a mechanism to subsidize gas storage injections during the summer to ensure supplies are refilled for next winter.
  • Italy is aiming to boost its gas reserves ahead of its official stockpiling season over fears higher prices look set to sustain.
  • European net gas storage withdrawals have reduced slightly from the high levels last week but remain above normal.The net withdrawal rate in the week to Jan. 18 averaged 30% above normal at 8,891GWh/d compared to 6,194Gh/d the previous week.
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See below the weekly news highlights of the MNI power Service for the week 20-24 January.

  • EMISSIONS – The EU carbon price is forecast to hit €177/t CO2e by 2035, when CBAM will be fully implemented, according by BNEF.
  • Analyst’ forecasts for 2025 EUA prices have been slightly revised up, while 2027 EUA prices have been revised down according to a Reuters survey of ten analysts.
  • Speculator positioning in EU ETS futures on the ICE exchange turned again more bullish on the week with net long positionings at the highest since the week of 4 February 2022, the latest COT data as of 17 January showed.
  • European People’s Party, the strongest group in the EU Parliament, in a paper recommended the CBAM should be put on hold for at least two years.
  • Europe is eying several key CCUS projects expected to reach FID in 2025, with initiatives in the UK, Netherlands, Norway and Germany according to BNEF.
  • The European Commission will host talks with the European automobile industry to protect the sector’s competitiveness amid stricter emissions regulations and looming US tariffs.
  • US President Donald Trump announced to again withdrawal from the Paris Agreement in an executive order on Monday according to the White House.
  • Italy’s Snam has started talks with France and Greece to trade CO2 from its Ravenna CCS project, Snam’s CEO Stefano Venier said.
  • NATGAS - Gas flows to Freeport LNG are set to rise on Thursday following the winter storm power problem which halted operations this week according to LSEG data.
  • A seventh LNG vessel diverted from Asia to Europe this month drawn by higher European prices and more sluggish Asian demand according to Kpler tracking.
  • Germany’s THE said it aims to introduce a mechanism to subsidize gas storage injections during the summer to ensure supplies are refilled for next winter.
  • Italy is aiming to boost its gas reserves ahead of its official stockpiling season over fears higher prices look set to sustain.
  • European net gas storage withdrawals have reduced slightly from the high levels last week but remain above normal.The net withdrawal rate in the week to Jan. 18 averaged 30% above normal at 8,891GWh/d compared to 6,194Gh/d the previous week.