European Energy Costs Plunge Following Winter Peaks

European Energy Costs Plunge Following Winter Peaks

Electricity prices in Europe are falling this spring from two-year highs in the winter of 2025 as natural gas prices fall and renewable power generation jumps. Expensive natural gas in the winter amid cold weather and fast-depleting gas storage sites pushed up power prices in Europe to the highest in two years. Low wind speeds curtailed a lot of wind power generation in the winter, forcing power generators from Germany to the UK to run more gas-…

On behalf of the Prime Minister, Head of Government, the Minister of Commerce, Luc Magloire Mbarga Atangana, proceeded on 22 April 2025 to lay the first stone of the Storage Centre. At an overall cost of just over CFAF 7 billion, the Ebolowa GPL Filling Centre will be built on an area of 11 hectares and will have an initial storage capacity of 220 m3, with possibilities of extension. This technical device for storing and burning domestic gas is …

Currently, gas storage capacities are 35 percent full.

The supply of natural gas in Slovakia is stable and uninterrupted, despite the non-functioning transit through Ukraine, and before the next winter season, the gas storage capacities will be filled to 90 percent again. This was stated by Richard Kvasňovský, executive director of the Slovak Gas and Oil Association (SPNZ), before the start of the two-day conference Technical Challenges of the Slovak Gas Industry in Žilina. Slovakia will be ready He…