Gas

• Europe's gas storage levels have fallen to 69%, which is well below the five-year average heading into winter. • Research from the Bank of Italy published in June indicates that gas-price shocks create more persistent inflation than oil shocks. • This inflation trend may lead the European Central Bank to raise interest rates three or four more times, potentially restricting economic growth and reducing consumer spending.

• The global main cylinder valves market is projected to grow at a compound annual growth rate of 4.5% to 6.5% through 2035. • Growth is primarily driven by semiconductor fabrication plant construction and healthcare infrastructure upgrades in Asia-Pacific, specifically in China, Taiwan, South Korea, and Southeast Asia. • This expansion increases demand for original equipment manufacturers like Cavagna Group S.p.A and Rotarex S.A to co-develop integrated gas systems and provide replacement repair kits.

Firms manage $7.3tn in assets and could afford to transition away from fossil fuels yet invest in natural gas and coal-fired plants to power datacentersThe energy portfolios of 20 private equity firms produce 1.5bn tons of greenhouse gases a year, more than the annual emissions of any country except China, the US, India and Russia, according to a new report.Together, these firms manage $7.3tn in assets of all kinds, affording them the ability to shape the pace of the transition away from fossil fuels. However their energy investments include significant fossil fuel assets including natural gas and coal-fired power plants to provide electricity to datacenters. Continue reading...

Pauline Hanson’s gas policy and the party’s relationship with Rinehart is examined in a new Guardian podcast series, The PopulistListen: The Populist: Aeroplanes and bulldozers | Episode 1 – podcastGet our breaking news email, free app or daily news podcastOne Nation has come under fire for quietly shelving support for a new domestic gas reservation policy in preference for a policy that favours the party’s billionaire patron, Gina Rinehart.The Albanese government has announced it will establish a new reservation policy for Australia’s east coast, requiring gas exporters to supply a portion of the gas they produce to the domestic market. The policy is aimed at “modestly” supplying the domestic market to put downward pressure on prices for consumers.Sign up for Guardian Australia’s Politics, really newsletter here Continue reading...

Batteries now meet almost half of the grid’s dispatchable power needs during hours of highest demand Get our breaking news email, free app or daily news podcastAustralia’s dependence on gas for power during the evening, when the grid is under the most pressure, has fallen by almost nearly 70% over the past year as batteries surged in, replacing the fossil fuel.Gas generation during the busy early evening, between 5pm and 8pm, fell by 67% in the year to August, as large-scale batteries continued to come online and half a million home batteries were installed under the government’s subsidy program, analysis by consultancy EnergyEdge found. Continue reading...

• Saudi Arabia closed its East-West oil pipeline on Friday as a precautionary measure following attacks. • The closure occurred after security threats targeted the infrastructure, though the specific nature of the attacks was not detailed. • This disruption has caused oil and gas prices to rise as markets react to the potential loss of supply.

Greens accuse Labour of hiding position to avoid criticism before contest, in which Zack Polanski is standingA decision on approving the controversial Jackdaw gasfield in the North Sea is to be delayed until later this autumn, with the Greens accusing Labour of hiding their position before the crucial Holborn and St Pancras byelection.Miatta Fahnbulleh, the energy secretary, had been poised to give her recommendation to approve the Jackdaw field off the coast of Aberdeen next week. Continue reading...