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Friday Energy Update 16/02/24

Simon van Os


Business Efficiency

The market has started decreasing again due to demand being significantly below seasonal norms and with steady import currently. This is likely to continue until at least the 22nd helped by the milder weather which may serve to potentially cap gas storage withdrawals.

The US House of Representatives voted on Thursday to pass legislation that would block Joe Biden’s LNG export license freeze; the proposal will now be passed up to the US Senate for a final vote.

In other news:

Total Energies have advised of security concern due to their new LNG facility development in Mozambique being just 85 miles away from recent violence instigated by Islamic State fighters.

Get in touch

We are currently saving our clients, up to 60% on their utility bills. Please feel free to contact our Business Efficiency Team, on 01273 424904. So, we can provide you with recommendations around reducing your energy costs.

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While we strive to provide accurate and up-to-date information, we cannot guarantee the accuracy, completeness, or reliability of the information provided. Any reliance on such information is at your own risk, and we shall not be held responsible for any loss or damage resulting from the use of such information.

Additionally, please be aware that energy prices can fluctuate rapidly and can be affected by unforeseen events. Therefore, any information provided on energy prices may be subject to change without notice.

More information is available on the Department for Energy Security and Net Zero website.

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