AGP Executive Report
Last update: 4 hours agoOil and Gas Shock: Brent crude climbed above $110 a barrel to a five-month high as Houthi attacks and the Iran conflict heightened supply fears. European gas prices topped €90/MWh for the first time since 2022, while LNG prices also surged. Arctic Security: The EU’s new strategy puts security and resilient infrastructure at the forefront, proposing expanded icebreaker capacity and stronger monitoring of shipping, undersea cables and energy links. North Sea Supply: The UK government is expected to approve the controversial Jackdaw gas field, a move that could add domestic supply as energy costs rise. Nuclear Power: Slovakia’s fourth Mochovce reactor has begun supplying the grid; at full capacity, it is expected to cover about 13% of the country’s electricity use. Industry Costs: Visegrad countries are pressing the EU for more flexible support to shield industry from high energy prices and give nuclear power equal footing with renewables. French Fuel: Macron secured Gulf pledges for additional diesel supplies as soaring fuel costs add to pressure on households and businesses.
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