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German companies face uncertain gas supplies due to weather and economic factors. Energy prices are significantly higher than pre-war levels.
German companies have become increasingly concerned about possible gas shortages. This was reported by Handelsblatt.
This, for example, concerns the chemical giant Covestro, which saw risks to its supplies of this energy carrier in the coming winter. In addition, gas network operator Westnetz sent a letter to consumers acknowledging that due to a combination of weather, economic, political and other unforeseen factors, they may not receive the gas they need.
Meanwhile, as the publication writes, tensions are increasing in the relevant market. The price per megawatt hour of gas has risen in recent days to almost 80 euros - two and a half times higher than the level observed before the war.

State Unitary Enterprise "Krymenergo" has temporarily stopped accepting applications and performing work on technological connection to electrical networks in Crimea. The exception is microgeneration and generation facilities. The decision was made by the region's operational headquarters due to a power shortage.

Russian LNG exports to the EU fell to 682 million cubic meters in August, a five-year low and a 46% drop from July. While year-to-date imports remain up 11%, the EU is moving toward a full ban on Russian gas imports by 2027.

Russia's data center power capacity has hit 5 GW, primarily in Moscow and St. Petersburg. Deputy Energy Minister Pyotr Konyushenko warns that this concentration is straining regional power grids, necessitating new infrastructure and potentially delaying future connections.

In August, oil production in Saudi Arabia fell to 6.238 million barrels per day, reaching its lowest level since 1990. The reason was the resumption of hostilities between the United States and Iran, which limited the kingdom’s export capabilities.

In August 2026, Russian LNG exports to the EU countries decreased by 36.8% compared to last year, amounting to 682 million cubic meters. Over the eight months of this year, supplies fell by 10.7% to 15.364 billion cubic meters, according to Bruegel.

US Energy Secretary Chris Wright stated that nearly 11 million barrels of oil and oil products transit the Strait of Hormuz daily, the highest level since the start of the conflict, with US warships assisting passage. He noted the US and Israel launched a war against Iran on February 28, a June ceasefire was signed but violated per US claims, leading to resumed attacks on July 8, while the Trump administration now signals a shift to economic pressure via sanctions.