StanChart: Europe’s Gas Prices Could Spike Above $90/MWh By The Summer

StanChart: Europe’s Gas Prices Could Spike Above $90/MWh By The Summer

European natural gas futures climbed toward €55/MWh on Thursday, snapping a four-day losing streak due to uncertainty over a Middle East ceasefire and ongoing threats to energy infrastructure. Initial hopes for a Middle East ceasefire quickly faded after Iran rejected Washington’s 15-point peace proposal and outlined its own conditions instead. Damage to Gulf energy infrastructure has been extensive, with approximately 40 energy assets across th…

Repair costs for Gulf fossil fuel infrastructure could hit $25B

Repair costs from reported damage and shutdowns hitting fossil fuel infrastructure in the Middle East could amount to at least $25 billion.Rystad Energy expects the bill for restoring LNG trains, refineries, fuel terminals, and key gas-to-liquids facilities to climb even further, largely driven by engineering and construction costs, and to a lesser extent by equipment and materials. The costliest attack hit Qatar’s Ras Laffan Industrial City, wh…

Persian Gulf energy infrastructure repair cost could top $25B, Rystad says (CL1:COM:Commodity)

The cost to repair and restore Persian Gulf energy infrastructure damaged in the Middle East war to date could reach at least $25B, and likely will rise further, Rystad Energy said.

Repair cost for war-hit Middle East energy assets seen at $25bn

Ras Laffan may take up to 5 years to recover Equipment supply faces backlog, Rystad says Restoration will incur conflict-inflated costs The repair costs for Middle Eastern energy infrastructure are forecast to reach at least $25 billion based on an initial assessment of facilities affected by the Iran war, a Norway-based energy research company said. The conflict, which started on February 28, has caused global supply disruptions in oil and gas,…

The cost of war: Gulf energy infrastructure left facing a US$25 billion repair bill

War in the Middle East has triggered severe global supply disruptions in oil and gas, with reported damage and shutdowns affecting liquefied natural gas (LNG) trains, refineries, fuel terminals and critical gas-to-liquids facilities across the region.