Trump promoted fossil fuels. His war is pushing the world away from them.
As oil prices spike, governments are slashing fuel use and eyeing renewables — threatening to erode global demand for fossil energy.
“Any additional volatility in pipeline flows from Iran to Turkey would deepen Turkey’s bid in the Atlantic basin LNG market, diverting incremental cargoes from northwest Europe,” said Benjamin Gage, founder of Balance Point Research. This would likely result in higher European benchmark TTF prices, with the market needing to “reprice higher to protect its share of flexible LNG supply”, he added. American and Iranian diplomats held a first round of negotiations in Oman on Friday, easing immediate fears of escalation, although there was no decisive breakthrough, including around Iran’s nuclear programme. Turkey imported around 22mcm/day of natural gas via pipeline from Iran in 2025, Gage said,
As oil prices spike, governments are slashing fuel use and eyeing renewables — threatening to erode global demand for fossil energy.
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The US president said he'll bring Iran "back to the Stone Age" but gave no detail on ending the war.
Mexico Pacific Coast LNG becomes a strategic hotspot as global energy tensions rise. Surging geopolitical instability prompts a surge in LNG offtake demand to Mexico's West Coast, with Amigo LNG project flooded with queries. Strategic partnerships and agreements are in place as the project aims to connect oversupplied Waha hub in Texas with a proposed export terminal in Guaymas, Sonora. Stay informed on the latest developments in the LNG market and the impact of global energy conflicts on pricing.
Amid global oil and gas disruptions, China stands prepared for the electrostate era.
Anne-Sophie Corbeau and leading experts explore how Europe's gas sector is being reshaped by geopolitical shocks.